I'm not equipped to comment from a technical standpoint. But for what it's worth, I sold the remainder of my holding several weeks ago (on 30Mar) at $1.23. Although originally planning to hold to around $1.30-1.40, I figured (a bit uncharacteristically for me) that the easy money (from around $1.00 thru $1.20 + the dividend) had been made so one might as well exit. Valuations still look reasonable for those who believe in a digital-driven recovery and are prepared to ride out some ups and downs.
I note that the analyst consensus calls for gradually lower profits & dividends through FY2019. Analysts frequently get their forecasts wrong, as we know (and they may well be underestimating the potential for a digital-driven recovery), but the current set of Street forecasts is something to bear in mind for those who choose to take the long road.
I'm not equipped to comment from a technical standpoint. But for...
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Last
$1.28 |
Change
0.010(0.79%) |
Mkt cap ! $1.958B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.31 | $1.28 | $4.863M | 3.819M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 68389 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 25886 | 4 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| NEC (ASX) Chart |
