TPM 0.00% $8.93 tpg telecom limited

Buying Opportunity soon?

  1. zym
    1,257 Posts.
    Around $8.6-$8.8 could be a good buying zone?

    - First line of support is at $8.6 >> possibly double bottom tmr?
    - MA(5) is at $8.88 (chinese will love this?) >> close above this level could be a reversal for medium term
    - SP is currently in oversold territory and at good discount from most broker's price target
    - NPAT in 2016 grew by 69.39% but share price had slumped by ~32% from its high
    - Current SP is lower than pre-integration of IINET's SP


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    Disclosure: I believe it's a bargain atm, but do have stop loss near $8.5.
    Again, all IMHO and DYOR
 
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