I recall the retrace when Klaus sold a portion of his holdings -...

I recall the retrace when Klaus sold a portion of his holdings - intraday high of 16c retraced to as low as 9c with the doomsayers predicting a crash to 3c - boy were they vocal on this forum at that time. Then we saw the run up to an intra-day high of 30.5c and now a healthy pull-back and consolidation. A mate of mine, who happens to be a technical analyst, called 30c the high for this run up with consolidation at 21-23c (new low) before the next leg up. It doesn't take a rocket scientist to work out we're seeing new highs and higher new lows i.e. trajectory is up (even allowing for moving averages). Now, technical analysis doesn't allow for material developments behind closed doors e.g. Airguide's dealings in China, drilling results, potential TO sooner than later, but as least from my mates perspective & based solely on technical analysis, AVZ's upward trend remains in tact. Just reporting how he sees it but a source of comfort.