5GN is an extremely oversold weekly chart, it's back to the 61.8% Fibonacci retracement of the 2019 move.
It is currently the cheapest stock in the sector on a EV/Sales basis, trading on just over 1x.
Compare this to UWL with a market cap of 262million and revenue of just 15mil.
The world indexes are starting to heat up with a China/US trade deal coming shortly (china just agreed to US demands for agriculture buying)https://www.politico.com/story/2019/09/06/china-farm-purchases-trade-talks-1712691
Lastly, 5G networking in Australia is a structural growth thematic, NBN is already obsolete. Growth in this sector is only beginning.
Interested in others thoughts
5GN is an extremely oversold weekly chart, it's back to the...
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 (20min delay)
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Last
15.0¢ |
Change
0.003(1.69%) |
Mkt cap ! $46.88M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.5¢ | $231.3K | 1.543M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 827504 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1967449 | 26 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |