leverage through exploration and pog, page-143

FML jumped 50% in a few weeks.
ABU did not rise nearly that far, so on a correction day, you would expect us to not fall as much.
In fact I am a little surprised traders have sold ABU off this much today to just above solid support formed during the gold sector lows.
I see no reason to think this is anything other than a small pullback from the minor resistance level of 4.1 that I mentioned last night, i.e. a technical pullback aided by the sector falling today.
My thoughts are; I doubt we will sell through 3.7.
Next move from here should be back up to retest 4.1-4.2.
A break of that level should see high 4's fairly rapidly.
That may take a few weeks of stabilizing markets, or just one batch of strong results.
We will just have to wait and see.