We have a nice mature consolidation of 5 years!!!I was doing my TA on AAB chart and noticed that 5 years weekly charts is without a doubt showing a mature consolidation of shares. So this means long term consolidation is done!! There is a way to see it on the chart, set time frame 5 year, frequency weekly. (I use candlestick for graphic), make sure you add volume by price. You can clearly see the majority of the volume is been trade above the 5 year price level, in order words, the majority of shares were traded below current price. The selling pressure of previous older shareholder is done! So if we see selling in the next days/weeks it's from recent shareholder not older than 1 1/2 year! No more big resistance to go thru! The psychologic barrier at 0,20$ is the last wall to be breach in order get a nice advancing phase (stage 2). I hope I explained well, if any question feel free to ask, it's always a pleasure to help.
One last thing, AAB portofolio value got another breakout thanks to FURA closing price of 0,87$. So far AAB valued at 0,55$/share without taking into account management/daily fees.
Trading range zone is set at 0,17$ to 0,19$ right now. What we are seeing is last equilibrium between buyers and sellers at theses current level. Pretty soon the trading zone will change drastically as we are getting closer to LIX sharholders vote in February.
Another wild card AAB holds is the NCIB (normal course issuer bid), with the extra cash it will be a piece of cake to complete the NCIB this year and it will support the actual stage 2..... Gents we are set for a nice ride :-)
Cherrs
P.S. Don't forget Desert Lion Energy going public, when they going to be traded on TSX, AAB will get a nice P/B boost as finally the private stock will have a better liquidity value for a public company (as it's more easy to evaluate!)