Chart looks more bullish on the Daily Timeframes now with those two hammer candlesticks forming.
I also exited after the 1H17 announcement as the earnings growth profile for FY17 looked relatively flat. It also seems odd that management are guiding for FY18 results; it looks to me as though they've just extrapolated FY16's EBITDA margins and sales growth when providing guidance.
Nonetheless, Pie have remained substantial which has to count for something as i read that they've recently rebalanced their holdings using a more stringent approach - it would appear RXP's passed the test.
Am considering re-entering, if management can show further traction in the FY17 results and reiterate guidance then i can see this pushing above $1.
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[ATTACH] Chart looks more bullish on the Daily Timeframes now...
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