I'm not into tech analysis. Still can't help noticing that price is tracking with volume, pretty much trade by trade. I seen that happen on the way down and it wasn't pretty. Nice to see that on an upswing. Maybe our day has come?
If they sell the remaining AIA and IFLC, they could actually generate some usable cash. Plus they will get close to 6billion from ML III eventually. All together, they might be able to buy back another 500-700 million shares. If they can pull that off and continue steady earnings from operations, you will finally see a move upwards. Big IF, though.
patch....I agree with what you say but this move was very sudden, as though event driven. 1.5 M shares traded in 5 minutes with a .50 turnaround. This feels like one of those "expect news" type things.