ROEROC you're probably right in the long term but for now it is a dangerous game to play, chasing the price lower and lower because "it's cheap". The market is never wrong and while I agree that some level of shorting is responsible the fundamentals aren't as good as they used to be. The share price is only one or two interest rates away or one more disaster away from another hiding.
Take a look at the 5 year monthly charts with money flow indicators this could go to around $15.
Only my thoughts
DYOR
market update, page-33
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Last
$17.08 |
Change
-0.130(0.76%) |
Mkt cap ! $25.71B | |||
| Open | High | Low | Value | Volume |
| $17.06 | $17.11 | $16.89 | $40.74M | 2.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 248 | $17.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.10 | 620 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |