sorry i meant to say -"fundamentally i CANT see any reason for a pullback to 18.70"...the fundamentals micro and macro wise too strong for a pullback to 18.70....i see it going there only if the chart keeps edging towards 19.00 bucks slowly in a downward triangular formation maybe, but a downwarfd triangular formation and breakdown would imply a move to $18.00 bucks
FUNDAMENTALLY why on earth would this go back to $18.00 ?? Look at the announcement re the trading update and the mass volume that accompanied it! That was pure FUNDAMENTALS driving the stock higher
I just cant see 18.00 bucks again based on FUNDAMENTALS - the growth, the ROE, the growth in ROE, the ROC and ROA....all too good with the present profit growth forecasts which havent taken the higher AUD in2 account.
Yeah 18.70 can be reached one day for a few moments intraday maybe.
IMO its the extreme downside support point thereabouts.
Fundamentals too strong with AUD ans EPS growth and present profit forecasts; A major lull or downturn in retail sales may be the only driver, but STILL, at 18.70 the stock is undervalued to many FUNDIES given the strong growth and excellent ROE n ROC figures which are waaaaaaay above buffets 15% and over 5 years+
sorry i meant to say -"fundamentally i CANT see any reason for a...
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Last
$66.11 |
Change
0.960(1.47%) |
Mkt cap ! $7.228B | |||
| Open | High | Low | Value | Volume |
| $65.50 | $66.15 | $65.26 | $20.44M | 309.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 182 | $66.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.12 | 949 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| JBH (ASX) Chart |