If you use a discounted cash flow model (from " w st site ", LOV is now trading around a 46% discount below the fair value).
In terms of price, weekly looks like its completed a bullish 3 wave flat corrective structure, starting to overlap the first swing down.
Daily - A classic 3 drives to a low pattern. The pivot low for the year is in IMHO.
Quite a few discretionary stocks showing similar corrective structures after the Aug - Oct selloff.
Looking to accumulate.
IMHO could this be what is driving equity prices higher ? A 25bps Fed rate cut at the March meeting(about 22% probability) & the drop in the yeild on TNX. Interested to hear your thoughts.
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Last
$31.77 |
Change
0.410(1.31%) |
Mkt cap ! $3.485B |
Open | High | Low | Value | Volume |
$31.85 | $31.90 | $31.22 | $7.601M | 240.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1067 | $31.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$31.79 | 461 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1067 | 31.760 |
2 | 708 | 31.630 |
1 | 1315 | 31.610 |
1 | 3224 | 31.550 |
2 | 1315 | 31.540 |
Price($) | Vol. | No. |
---|---|---|
31.790 | 461 | 1 |
31.800 | 743 | 2 |
31.840 | 16 | 1 |
31.900 | 708 | 2 |
31.920 | 3224 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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LOV (ASX) Chart |