Heavily oversold at under 55c. Excellent value at current price.
A very big volume day today which is out of ordinary compared to recent trading days and weeks before this. Big spike in oil price. and on 26 Aug UBS issued a 90c 12mth target revised from $1.20
Big orders on course of sales for today indicates that funds and other deep pocket investors are starting to pile in. The SP action from 50c and under to 53c close today is evidence of that. Was well and truly flushed out and soaked dry.
I'm a buyer.
DLS Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held