Watching today's action it looked like stop losses were...

Watching today's action it looked like stop losses were triggered (likely on purpose); which lead to a cascading push down in price.

From a TA perspective, it looks like price will be green tomorrow, with a bounce off support at low 1.20s (see March 2016 support). That very quick test of low 1.20s provided confirmation of a bounce from historic support rather than continuation on the down side.

As ugly as today's chart looks, that dominant black candle will get the interest of a lot of swing traders on open.

In addition 5c dividend with ex date coming up this week will likely assist with fast turnaround in SP.

In theory this should provide an easy swing trade. Checking media, **promotion blocked**.AU has reported on drop but still seem to be scratching their heads as to why - adding more clout to stop loss triggering in play