Chart wise, like everyone is saying, this thing could go either way. For the past couple of months, I looked at JBH as a perfect short anytime it came near $14. There was no way a stock such as JBH could be going up and trading around $14. And so far its been a good trade. So it has come near the $14 mark again and people are wondering if its another short. I think yes, however there are a couple of differences this time. 1. the AUD is much stronger now, which is a plus to its bottom line and 2. the economic data looks to be turning around.
Even with these two key differences, the future for JBH isn't the greatest and I believe the $14 mark will be tested, the steam loss and it will head down again.
to short or not to short
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 (20min delay)
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Last
$56.75 |
Change
-0.850(1.48%) |
Mkt cap ! $6.204B | |||
| Open | High | Low | Value | Volume |
| $57.06 | $57.29 | $56.40 | $20.38M | 359.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 664 | $56.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $56.77 | 1410 | 2 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$56.70 |
Change
-0.850 ( 1.58 %) |
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| Open | High | Low | Volume | ||
| $57.03 | $57.29 | $56.41 | 31349 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| JBH (ASX) Chart |