Typical knee jerk and baseless sell off based on general retail and retail jewelry weakness.
Lovisa is the K-Mart of 'jewelry' (as someone already mentioned, its essentially cosmetic jewelry, not the real stuff). A 20% drop in retail jewelry means they will be coming to Lovisa as their alternative. This company will do very well in a recession.
Chart has a triple top pattern, so may have a chance at a pick up around 19.50. But would require a lot of stupid people to generate that outcome. There are plenty out there, I guess, with the help of hedge funds.
Are we ready for stardom?, page-25
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Last
$31.37 |
Change
-0.400(1.26%) |
Mkt cap ! $3.441B | |||
| Open | High | Low | Value | Volume |
| $31.80 | $32.09 | $31.34 | $15.12M | 478.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2030 | $31.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.57 | 1 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| LOV (ASX) Chart |