Dalibor,you could not be more wrong when you say MCE is not a buy (agree on your don't buy on tipsters picks though)
MCE is an outstanding buy on current fundamentals which include a forecast PE of 10 with a yield forecast to be 3.5%
But you don't buy growth stocks for yield ,this is a stock that has enormous prospects for growth in a burgeoning industry.
Fundamentals are simply outstanding and any retracement of share price makes it a better buy imo.Had such a huge run up that any pullback in share price is only natural.
Which begs the question -where will it retrace to ?
Will we see mid-low 4's ? $4.40 perhaps ?
Technical comments would be appreciated
Thanks in advance IT
not too late to buy matrix ?, page-6
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.0¢ | $55.45K | 242.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 113179 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 28075 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
