PET 0.00% 2.5¢ phoslock environmental technologies limited

Interesting banter... I think it doesn't look good to drop an...

  1. 2,337 Posts.
    lightbulb Created with Sketch. 373
    Interesting banter... I think it doesn't look good to drop an update & quarterly after the bell. The only question that I think is important is how much of this is already priced in? -49.5% since the last quarterly one could argue the market has already accounted for this. I think the negative of cash received is balanced by the retention of all contracted work. I have no idea where the market will take this but technically if the low of 26.5 gives way a wave of selling will surely hit. This will probably see it way oversold followed by a red wick as traders temporily buy oversold positions back up a portion of the way to the old year low.https://hotcopper.com.au/data/attachments/2338/2338991-ccbb550bb19e74f90d0d1a61c6300090.jpg
 
watchlist Created with Sketch. Add PET (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.