re: Ann: Ausenco awarded US$130m Kinsevere St... strongly...

  1. 2,535 Posts.
    re: Ann: Ausenco awarded US$130m Kinsevere St... strongly oversold at 4.10s so based on momentum (bullish engulfing candle on good volume) we should be going back to the upward boundary of channel soon at mid-high 4s. I must confess bailing at mid 4s to protect profits but turned out to be a good technical move.

    Macros and news (quarterly etc.) will determine the rest, do hope we can push back past 5 except this time stay there lol. Nothing has changed fundamentally, sound company, strong financials.

 
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