Personally I have no idea where the price will end up today...
... best I can say is there is a distinct lack of selling interest apparent below 6.8c.... If this persists the price will rise.
A close above 6.7c will be the great technically but not bothered if doesn't today...I have all the time in the world. In the words a a Bankers Trust Brochure I read some years ago "... We don't know exactly when it will happen but we know it WILL happen...".
If we don't break 6.7c today then the investor bulls are not quite ready and perhaps we will have to wait some more.
Personally The real interesting part will come when the attempt is made to break above the "cups lip" at 7.6c... If this occurs a projected target to 9.7 is on the cards (or higher in a bull market).
It is important for the long termers to take a large position early in a trend for obvious reasons...there will be a bunch of folk waiting for the the big dip that may or may not come... The real risk is that AVB makes an +ive re finance announcement prior to a substantive dip occurring... in which case its becomes a much costly investment... A difficult decision really. However the fact that the market has returned to bull mode and the copper spot is rising may help with the decision process.
Therefore, my thinking is that the risk is far greater not being in AVB (with a substantial position) than being in it.
All is IMHO DYOR to confirm
AVB Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
