Hi all, issuing a buy on this, based on the following:
Context: As most followers know, SRV has been in "outperform like crazy" mode in the past few years. I'd be an absolute fool (or simply a risk-seeker) to try to short-sell this stock given this uptrend. And currently it is in a consolidation.
Volume spike worth over 400k last week when TOTAL bids and offers sum to less than 100k suggest something is brewing, most likely took place via an off-screen trade...if anyone happens to know more info about that day, please share!
Charts: Weekly chart forming a pennant, price broke through this pennant last month, and price has gladly been accepted in these higher levels. In doing this, it has formed a tight consolidation on the daily chart, another pennant between 7-7.25. These tend to break to the upside.
Trigger: The fact that price has attempted to go lower than 7 and has been rejected 6 times as of today suggests strong support, and add that volume spike may also suggest institutional involvement in this stock.
Depth: Not the prettiest, but very unreliable to take it for it's face value, given that the volume spike did take place without moving price as it normally would. Some hidden/institutional orders may be at use.
Shorts: There is actually short interest on this stock, somebody is shorting 5 shares of it! (Link) Is it enough for you to be running scared?
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Feel free to add your fundamentals, or general thoughts, hopefully all analyses align!
GLTA
SRV
servcorp limited
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0.58%
!
$6.97

SRV - pennant break in a pennant break
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Last
$6.97 |
Change
0.040(0.58%) |
Mkt cap ! $693.2M |
Open | High | Low | Value | Volume |
$6.97 | $7.03 | $6.94 | $603.0K | 86.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100 | $6.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.97 | 663 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 6.920 |
2 | 145 | 6.900 |
2 | 458 | 6.850 |
2 | 2117 | 6.820 |
4 | 2785 | 6.800 |
Price($) | Vol. | No. |
---|---|---|
6.970 | 663 | 1 |
6.980 | 1890 | 2 |
7.020 | 14000 | 1 |
7.050 | 921 | 1 |
7.080 | 63393 | 2 |
Last trade - 16.10pm 08/09/2025 (20 minute delay) ? |
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SRV (ASX) Chart |