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.
Typical knee jerk and baseless sell off based on general retail...
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Last
$35.89 |
Change
0.750(2.13%) |
Mkt cap ! $3.936B | |||
| Open | High | Low | Value | Volume |
| $35.73 | $36.03 | $35.66 | $2.118M | 61.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 214 | $35.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.90 | 16 | 3 |
View Market Depth
| Last trade - 12.41pm 16/08/2024 (20 minute delay) ? |
| LOV (ASX) Chart |