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
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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