From a chart perspective theove up from $4.96 was only a three wave move and typically three wave moves are completely retraced. (Not always but often )
On a valuation perspective they are nothing more than a financial services provider and they are groosly overvalued by peer comparison.
CBA price to sales 7.00 Price to Book 1.98NAB price to sales 11.56 Price to Book 1.35Zip price to sales 38 Price to Book 72WBC price to sales 5.17 Price to Book 1.25ANZ price to sales 5.09 Price to Book 1.24
The market is currently pricing in seven years of sales growth and any signs of slowing sales and they will get hammered
Chart - Z1P, page-7034
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Last
$2.17 |
Change
0.000(0.00%) |
Mkt cap ! $2.833B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.24 | $2.16 | $26.49M | 12.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 176826 | $2.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 42564 | 2 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |