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
$31.50 |
Change
0.970(3.18%) |
Mkt cap ! $3.455B | |||
| Open | High | Low | Value | Volume |
| $31.53 | $31.98 | $30.85 | $13.90M | 441.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 716 | $31.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.52 | 918 | 2 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$31.44 |
Change
0.970 ( 3.39 %) |
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| Open | High | Low | Volume | ||
| $31.54 | $31.98 | $30.85 | 62082 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| LOV (ASX) Chart |