Chart wise, like everyone is saying, this thing could go either way. For the past couple of months, I looked at JBH as a perfect short anytime it came near $14. There was no way a stock such as JBH could be going up and trading around $14. And so far its been a good trade. So it has come near the $14 mark again and people are wondering if its another short. I think yes, however there are a couple of differences this time. 1. the AUD is much stronger now, which is a plus to its bottom line and 2. the economic data looks to be turning around.
Even with these two key differences, the future for JBH isn't the greatest and I believe the $14 mark will be tested, the steam loss and it will head down again.
to short or not to short
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Last
$61.21 |
Change
-0.030(0.05%) |
Mkt cap ! $6.692B | |||
| Open | High | Low | Value | Volume |
| $61.20 | $61.42 | $60.77 | $10.82M | 176.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 61 | $61.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $61.22 | 245 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| JBH (ASX) Chart |