tech signal - significant break of downtrend

Well it seems we may have a major change in sentiment on this stock by the market... I see since new year AVB has broken out of the short term downtrend it has been in since the end of Oct... and has broken above the short term resistance point at 8.5c this morning.

In Oct/Nov you may remember me highlighting the possibility of a Head & Shoulders top ... and although it did not form a picture perfect H & S top the effect was the same with a sell off to 7.6c... This bearishness appears to have concluded with sellers being exhausted and a rally breaking resistance previous points..

Now we have a confluence of +ive events that should come to have an effect on AVB's shareprice in the short term.

These are (but not limited to):-
1. Copper price rising
2. Nickel prices starting to rise
3. Iron ore price rising (..may affect Vale negotiations)
4. Upcoming drill results from Pedra Blanca
5. Drill results from Conceicao (Nickel)
6. Perhaps upgrade to global resource Cu/Au resource
7. General market sentiment change to bullish post "Fiscal Cliff" debarcle.
8. General market bullish'ness on anything copper and nickel.


Looking further forwards we have :-

1. Q1-Q3 2013 Stage 2 drilling program slated for Pedra Blanca (Drilling 5-10,000m)
2. Q3 2013 Stage 1 scoping study
3. Q4 2013 major resouce upgrade
4. Q1 2014 1st production from Antas North (Stage 1)

On the down side we can probably expect a capital raise in Q3-Q4 2013...


On the strength of the above I have taken a position..

All is IMHO DYOR