Just when you think AWB was recovering it gets hammered down again. It is in the oversold territory imo, and I dont see any reason or announcements as to why the SP is gettign hammered.
IPL on the other hand have been doing well, Fert prices are recovering, DAP is going up, all losses have been declared...so what/who is preventing AWB from breaking out of this price channel?
What are everyone elses thoughts? I notice there is not much discussion on this stock. Only Charlie Aitken recommended AWB as a Buy 3 mths ago on the back of recovering wheat prices and increasing population globally.
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