MTS 2.51% $3.11 metcash limited

market update, page-16

  1. 2,101 Posts.
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    Just bought MTS as I noticed the yield. I also checked a chart and I"m not saying i'm clever at is I just look at charts in a VERY child like way.

    Anywho from the chart over the course of the year the MA (moving average) 20 vs MA 50.

    the last time the MA 20 rose above the MA 50 the stock has gone for a bit of a bull ride and given where the stock is now based on my child like look at the chart we really could hit $4 which was the mark of the downturn for the last 6 months.

    Plus with the div you know its going to head that way anyways.
    I don't assume its going to be a super awesome stock but I dumped 3,000 AUD into it today and if I can see anywhere from 250-350AUD profit whether with or without div then I'll cash out and bounce ;-)

    But for now....please don't head south....
 
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