retail SPP, page-73

I think the 50 day moving average (on the recent downswing) was around $1.88. AMP has managed to recover from around $1.61 to $1.81 in about a week. If you consider that it's been labelled a "dead dog" then it's paws and snout are still moving LOL! I saw 1.2M units yesterday gobbled up in around ten minutes. Volume has been solid, and at this point, I was expecting a slight retrace down 2-3c today but it didn't happen. Rather, it closed up 1c. Sellers are on the run in what seems a stable bull phase. I'm basing this statement on past experience, but whenever I've made money in the market, especially on distressed assets, these are the indicators. I also believe the market is anticipating positive news shortly.
Now, clearing the 50 day moving average over the next few days / weeks will be a solid sign of support with (as stated) a sale of the insurance arm + reinstatement of dividend and we could see something realistically as high as $2.25. From there, it depends on whether market winds and favourable currents push AMP back into calm waters...

Good luck all.