AJL 0.00% 1.0¢ aj lucas group limited

poor sentiment

  1. 632 Posts.
    This is a classic example of how poor sentiment can drive a share price down way below any fundamental valuation levels. Looks to me like this will not now level out until a previous support line is reached and that looks to be around the $2.50 mark that was set in May last years. At which point I guess the technical analysts will jump in to give it some support before common sense returns.

    As a previous holder it's sad to see a good stock get punished like this but a good trading opportunity looms for later this month me thinks.

 
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