The rounding top on the monthly log scale chart seems to still be in play.
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The rounding top on the monthly log scale chart seems to still be in play.
Not much to add to this, my most recent substantive post on HLG on 23 April other than to note a few extra things
1. The $N.Z. has fallen a lot since then.
2. The previous support at $5.75 has been well and truly broken
3. From a TA point of view the downtrend since the mid $7's is well and truly intact and you'd be very brave to get in front of that without any fresh news or the start of a new uptrend.
I'm not expecting any news for several months and as noted above I am only expecting eps of 33 cps. Put an average PE in recent years of 13 on that and its only comes to $4.29 :eek2:
Hope shareholders are well and truly well rugged-up because it looks like a long cold winter ahead.
Disc: As disclosed previously I completed the exit of my position in the late $6 range.
"Still heading to $3.50 / $4.00 according to the crayon lines"
you guys are legends....:t_up:
been really taking a tumble these last few days albeit with very light trading. No real support level evident. Be interesting where this bottoms out Attachment 13824
when looking at previous up/down cycles in the stock price $3 has worked before. but who knows this time so different
There seems to be a bit of support at 5 to 5.20. Putting mine in the bottom draw for a while. They should come back September-October ready for next div.