SKE 0.00% $1.64 skilled group limited

TA- majorly oversold - bounce coming

  1. 2,269 Posts.
    lightbulb Created with Sketch. 11
    Let's have a look at this. RSI, and slow stochastic are both in oversold, while the Money flow index, an early indicator for me, looks like it is just starting to turn out of oversold.

    Short positions are actually not very high at all and importantly management have announced that they are on track to meet guidance and see no reason for the SP hammering. The PE is at historic lows.

    For me, if ever there was a time to make a good entry point, this is it.
    Very, very cheap in my view.
 
watchlist Created with Sketch. Add SKE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.