Not a great week for Dusk - despite closing a modest 0.85% down...

Not a great week for Dusk - despite closing a modest 0.85% down today it was positively met with very high volume in fact the highest day of FY22.

Also positive to see it close within it's current channel. Current price represents an excellent entry point from a risk-reward perspective - if it continues in the current trend we should see this retrace back to test $4. Similar to trading from 23 June where it bounced on high volume from the bottom of the channel.

Would be concerned to see it break the current trend and drift towards the 150EMA.

Expectation is that FY21 guidance will be met and we will see growth in 1H FY22 as the seasonality of Dec quarter will make-up for the effects of the current lockdown. I believe this is in line with market sentiment as funds will continue to flow into the consumer discretionary sector with the absence of travel and a continued economic recovery.



All IMO DYOR