re: bargain alert...chart I am happy to say I am in love with AZA...we have had a long relationship since the 70's....and when she hits may target price I will close 75% of the position. It will be a tough break-up but they always are! :)
Im not saying they wont go lower....oil is weak at the moment, but the fact it has dropped $5US in quick time makes me think it is due for a reversal..just my humble thoughts.
I know there was a 100K seller hitting the bid most of the day as I crossed 21500 with him. not convinced uptrend has finished on such light volume to be honest....I actually think the chart is showing signs of a cup and handle? either was....my position based on fundamentals, and i think the stock will get re-rated as more brokers commence coverage.....only 3 at the moment. Look at how many cover HDR & ROC...
AZA
anzon australia limited
