Just wondering if anyone has a feel for how low TER will go from here. Looking at a 5 year daily OHLC chart it hit a high of 80.5c on 2 Oct 2018. It has been in a clear downtrend since 27 Mar 2019 starting at 70c and has hit a low of 17c today. All technical indicators remain extremely bearish so can it go sub 10c?????? This chart does not bode well for further retail support for the takeover one would think especially given that the company's fundamentals appear to align to this charting picture with high debt levels, limited free cash reserves and corruption allegations (albeit just allegations at this time, pending the outcome of a current court proceeding with a former employee). Thoughts??????
UNV Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
