The share price has dropped 20% in-line with the CAH anouncement which is the amount to be diluted if the deal goes ahead.
Daily RSI hit 24.6% (oversold) on 18/5 and is now in mid 30's. Commsec today shows 5 buyers (395,600 shares) @ 1.78 which looks like pretty good support. So whatever negativity there was, we hope has already been factored in.
The way I trade/accumulate this is, I hold on to a core position (that I'm comfortable with) say 50% of X and add more 25-50% of X when RSI < 30% and sell more 25-50% of X when RSI > 70%. Then, wait a few days to confirm direction.
Simple enough!
There was somebody who came on here once [can't remember their name] who said daily/weekly/monthly RSI's were oversold and indeed they were. So, I [bravely/foolishly] bought more and have used those methods ever since.
I don't liquidate all my holdings as I'm long term bullish on the stock, support the current MD/board and believe in its recovery.
For what its worth, Commsec has 2 brokers rate it a strong buy, 1 a buy and 1 a hold.
DYOR.
kbxk508
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- there we have it. cah is the target
there we have it. cah is the target, page-22
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $171.7M |
Open | High | Low | Value | Volume |
21.0¢ | 21.5¢ | 20.8¢ | $497.2K | 2.367M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 907607 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 652461 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 907607 | 0.210 |
18 | 1231175 | 0.205 |
32 | 981310 | 0.200 |
17 | 324245 | 0.195 |
21 | 1587510 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 652461 | 13 |
0.220 | 673364 | 12 |
0.225 | 258500 | 5 |
0.230 | 249855 | 5 |
0.235 | 669992 | 9 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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