AWB - much maligned and unloved since the political scandal...

AWB - much maligned and unloved since the political scandal erupted over it's Middle Eastern dealings - may be about to arise like the phoenix from the ashes.

WHY?

From a technical point of view it looks to have successfully made the bounce up from its double bottom lows of $2.35 .... and this appears now to have a strong confirmation signal with AWB making an end of week close on reasonable volume today above $3.00

Also, with grain making nice price moves and drought breaking rain doing its bit, AWB looks set to follow in the wake of ABB Grain.

I grabbed some of these today at $3.00 - so, we will see what happens.