Fundamentally, still a VERY good story.
Technically, as others have stated, it looks horrible.
But ultimately the fundamentals will win out.
Possibly the current weaknes is ( among other things like portfolio rebalancing ) "sector rotation" with investors at all levels chasing yield.
I see this as an opportunity, and will be looking to add to my holding in this downtrend.
Around $8 might be a bit ambitious, but who knows.
fundaments v the charts
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $77.74M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 18.0¢ | $10.1K | 56.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36209025 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 4384259 | 22 |
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| Last trade - 15.18pm 13/09/2024 (20 minute delay) ? |
| SRX (ASX) Chart |