Hi I have been looking at the charts and the following appear to me.
It has broken through the 20/40/60 dma; Its just dropped through the bottom of the bollinger bands; MACD D has just come down through the divergence line; fast and slow stoch are still negative.
My guess in looking at the chart is that it may get back to the 2.33 support it found a couple of months back. Can someone please give me a hand.
Fundamentally I like the company, sector has a fairly high entry barrier and they have a fairly captive market in allot of respects. The VIC poker machine license in 2012 will hurt however they may reap some sort of windfall (not sure what the % chance is) from the agreement re $600m compensation that I saw someone talking about here. Does any one have a link to the agreement?
All in all I think they are a good boring play at the moment and am deciding whether I should pull the trigger now or wait for further softness.
Thanks
TTS Price at posting:
$2.39 Sentiment: LT Buy Disclosure: Not Held