XAO 0.84% 8,552.6 all ordinaries

Short Term Trading Week Starting: 19th Mar, page-83

  1. 67 Posts.
    lightbulb Created with Sketch. 3
    STTCOMP  SES TA LONG
    Secos Group Ltd
    Chemicals Sector. Plastics/Bioplastics Sustainable packaging

    MCap - $24.4M
    Current Share price $0.12
    Shares On Issue - 211.9M approx

    I could also probably tip this as a FA but I like graphs. Also this is outside of my usual suspects for trades but who doesn't like a diversified portfolio. After a CR the price has bounced off it and the 200EMA. The trend has just started to move out of the oversold regions. OBV has slowly been increasing since December 2017 and the MACD should crossover soon. First target is $0.15.

    Additionally the company is using the CR funds to help with their product output and should see an increase in profit in the first half of 2018.
    SES1.png SES2.png
    This is not a buy or sell recommendation. Please DYOR.
 
watchlist Created with Sketch. Add XAO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.