hard to see how AVB could trade lower given the broader state of play in copper and iron ore. and where there is copper there is often gold...i'm not sure why gold hasn't been found with avanco's drilling thus far. or on the big boy neighbor's tenements.
recent price action appears to be a wedge with reducing ranges and a doji at the top. we've moved into a tight spot from which price seems poised. funnily enough, a pitchfork on this shows a lower action line to have witheld price thus far.
i prefer investment over trading but realise that "to all things, a season". investing is fine, and higher prices are more than a passing interest. they'll come. on the other hand, trading is more the season of things this year. for that, i look to a dip in prices not below 10cps after which another strong low will be in place.
in 12 months? i prefer to be more concerned about the here and now. funny how someone said smart money is matt woods personified. last time he sold the sp tanked. you won't know he's done so a second time until after the event.
AVB Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
