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Short Term Trading Week Starting: 27 Aug, page-132

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madbutcher

1,388 Posts.

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31/08/18

14:42

Post #: 35329700
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Originally posted by VVX565 ↑

I don't hold REH, I'm looking for the next gen of divvy payers coming through with sound fundamental data... but took a look at the FA chart for REH out of curiosity. Its quite an earnings machine isn't it, currently valued in my system at $14.40 and looking to break out to the upside of this flat top Ascending triangle pattern Id say, today's nice looking green candle.. not shown in my chart is suggesting so. Good luck to those holding

Heres my FA chart and a story from Boral CEO yesterday where his forward order book for major project work is full for 10 years....should help REH and other construction plays out as well I reckon
2 yr daily FA chart, yesterdays close
View attachment 1268960
See next post for the boral story, HC wouldn't let me post it here saying it was too big

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I got onto Reece at about $8 but I sold out after that jump. Looks a bit toppy at the moment so I'm hoping to get back on once it settles down a bit. Although I could well miss he jump, I'd rather be safe than sorry

XAO Value at posting: 6,437.4
4 Upvote

0 Great analysis

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