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16.0¢ universal coal plc

I might be interested then but I'd be keen to know your exact...

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mph3011

563 Posts.

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18/03/20

13:19

Post #: 43559260
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Originally posted by mph3011: ↑

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??????

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I might be interested then but I'd be keen to know your exact reasoning for a severe reversal of a near 18 month downtrend. Are you calling a pivot point on the chart any time soon? I'll be honest, charts like this do not recover in hurry and can sometimes lead to lower lows. Thoughts????

UNV Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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