I still imagine there will be a lot of demand and breaking a bit lower than trading range shouldn't be an indicator off any type of panic selling..
As you mentioned, there a big players obviously who are looking at longer term returns...
If I had any concern, it's that Aust Super has been a consistant large buyer for quite a while, and if they've had their fill it could cause a lul in demand..?
Just my thought.. Unless there is a sudden drop though, I feel demand will maintain and be considered value buying in the 5's...
PFS being complete or any new big strikes and it'll move back above 6, hopefully permanently.
Cheers for the chart.
MOD Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held