Originally Posted by
TheHunter
Absolutely. All well in good to use TA and it definitely has its place but ultimately fundamentals are what drive long term share price. TA always confirms something has happened... afterwards. Underlying business valuation is key.
Housing shortage = key topic for election, likely to see continued housing construction for the next few years = sales
New market penetration (Aus) = earnings growth
Directors buying = skin in the game and a very well known signal the stock is undervalued
Large insto buying with almost 10% holding = likely to have done more research and understand the numbers more than anyone on this forum
Long term incentive plans in place based on shareholder returns = commitment to redeeming prior performance
Attractive dividend yields = beats the bank.
This stock ticks a lot of boxes, don't be scared by a doomsday graph.