breakout, page-15

Can't understand sell off if it's not some sort of algorithm/traders taking advantage of bearish trend. I think we are headed for $1.25-26 for a double bottom seen in January, should see a big reversion from there, especially if EOFY results are solid/we get an update of some sort of director buying on market, or another fund buying up.

With franking credits likely to stick around, this is a pretty amazing stock which gives consistently solid divvys and at it's current price is a huge yield, let alone company is still growing quite nicely. You would have to say that 19 P/E is well below market average, and unless something has gone wrong on the inside, I think this is a very undervalued stock.

RSI just about to touch to that intermediate term oversold territory

Slow stochastics pointing to oversold


Chart pushing that bottom bollinger band to it's lowest, will look for that double bottom below $1.30 - around $1.20 lowest (unless a fund sniffs out this oversold/undervalued position earlier!)


GLTAH - I think it is just lack of buying interest which is letting people take profits from buying up early 2019. Good opportunity to top up at these levels if looking for a long term stable dividend.

Will continue to hold this for as long as the company exists (unless some genuine negative signs appear, but apart from the actual price, nothing has indicated CL1 to be in a worse position and has had consistent growth)

Just my 2c. DYOR