This chart shows to me that capitulation has occurred on very low volume (most likely retail investors getting impatient and selling out). The chart is outside the Bollinger bands which shows that we are well and truly in oversold territory but based on fundamentals the Co is growing from strength to strength with so much news on the horizon.
Personally I see a rerate coming and short term target is 5c because in the last Q the Co mentions entry into the Euro market early 2019, HM and LC onboard this month (which should see a speedier take up of RACS in AUS) and trials of Baby App not far off. The result of the Royal Commission into the Banking Industry came out yesterday and Aged Care is next with big reforms likely after yesterdays findings.
