I've bought and held ELD for some time now. ELD has always been a core holding and have traded many times over the years. I have to say it has been less averaging down, and more averaging up with ELD (NOT a bad thing!!!). No real drop during COVID (compared to others). I bought in 2015 in high$2s/low $3s and took some nice profits in 2018 ~$9. Bought the dips when possible.
I agree about the div - I have a DRiP in place - so I would highly recommend using facility. Doesn't work for everyone, specially if you rely on divs for cash flow.
Thanks for the retracement targets. I have a target at $8-8.15. Anything around the $8 mark is a good entry point for sure, but I think we might need to see the signals we get from next earnings. I think the price has run a bit ahead of itself (happy to be wrong). I've had $7.50 limit buy order for a little while, and is due to expire soon. I don't think the SP is going down to that level any time soon.
GLTA
So, is this good news, page-20
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Last
$8.16 |
Change
-0.160(1.92%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $8.32 | $8.37 | $8.16 | $3.570M | 435.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1944 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.17 | 459 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ELD (ASX) Chart |