Sure niclou, I'm very much one for the balance-of-probabilities camp.
I was intruiged to see AVB pull all the way back though (mind you it wasn't the only one). I guessed a 50% fib myself, just based on the volume for the breakout being fairly high.
So it will be interesting to see if that's a false break up or just a precursor for a slower more sustained move. We'll need a few more days for confirmation, I'm not calling a move in any direction yet. I do think it's fair to say AVB is "not yet overbought".
I certainly agree about the long term prospects for copper. I've said this before (long term readers feel free to yawn and roll your eyes), I think while it's good that AVB is building up a big resource in the >1% grade level, the story was much more exciting when the grades in AS were driving the price. The AVB story has changed quite a bit in the last year, from a small high grade resource to a large low grade resource, and even though the news may be good, I'm not convinced that AVB has really sold the change.
Anyway I really AM repeating myself so I'll stop there.
AVB Price at posting:
8.2¢ Sentiment: None Disclosure: Held
