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.
If you use a discounted cash flow model (from " w st site ", LOV...
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Last
$27.99 |
Change
-1.100(3.78%) |
Mkt cap ! $3.098B | |||
| Open | High | Low | Value | Volume |
| $27.65 | $28.18 | $26.52 | $19.43M | 702.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1425 | $27.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.06 | 3156 | 1 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| LOV (ASX) Chart |