Hello meerkat,
The reason the chart would be showing that is because it was suspended for a little over a month for failing to finish their Annual Report in time. Hence, when it came back on market, it opened at 60c from a previous close of 67c because surely some impatient/nervous shareholders sold out (justifiably so)!!!
Hence, take that away, the chart would be fine mate.
Like I said, solely based on fundamentals alone, AFL is HIGHLY under-rated.......Can it go a tad lower, of course it can - will it? I doubt it very much and I have a stop-loss in place at 60c just incase it does anyhow!
Great buy at 60c imho with a view to an extremely quick 10-15% PROFIT.
Hello meerkat,The reason the chart would be showing that is...
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