That's tremendous work on SUN Orwell. I can't add much to that . It's vulnerable here obviously . If we have a downturn in the market they'll fail at 13.50 which seems a key level over the past few months . If the market keeps doing what it's been doing then I'd say they'll regroup and head up again ,or at least flatline.
Of the larger financial services type stocks they've been the weakest during this recent bull so it mightn't take a lot to knock them over.
Btw has anyone had a look at Macquarie . It's been just incredible . Worse still I've always hated the stock, well not the stock ,just the people in it.
If interest rates ever went up sustainably some of these stocks would be in for big falls but I can't see interest rates going up anywhere for the foreseeable future so the fairyland valuations might just keep powering on
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