CDA looks good for a short term hold. See support at $2.25 which is lower than the price it was trading at prior to the market update which indicated a 40m NPAT, a 100% increase on the prior year. PE less than 20 and they have a 50% NPAT dividend payout which leads to a 5% dividend if I did my math correctly.
Will be looking to see how 2.25 holds before buying, but the chart looks great and I can easily see $2.50+ in the coming days/weeks.
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- Short Term Trading - Week starting: 19 Jun
CDA looks good for a short term hold. See support at $2.25 which...
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