Running discussion on SP, page-987

Thanks to some of the guys in the chart threads for their excellent T/A. Im in agreement with the chart, AVZ has bottomed out for the moment. 22c was clearly a test of the support level, but with an asset this size, if it moves below both the 200 moving avg, and the lower bollinger band then you know an upturn is coming quickly. I had a ridiculously busy afternoon, so hadn't checked since midday when we were dancing around the 21.5c mark, but am not at all surprised to see a swell of buying this afternoon.

To anyone who is sitting in the red, imo the worst has passed. While there wont be a rocket under AVZ for a while (unless the TO rumours are true) but I wouldnt be surprised that with a solid couple of days that 25c will be a new level of support.

Not really too much to discuss these days now that all that shenanigans is over.