Encouraged by seeing Pardis post re ASX Stocks ... hat tip
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Feb 4 1330 AEDT Breech ... ouch (yellow uptrend and $4.60) and ouch again ($4.55 support). ... and that is why we have rules! Noted: Bullish absorption on bar of Feb 3 with slightly higher volume. Watch volume on this one for evidence of support turning up for the Dividend. If it doesn't hit $4.40 (skeptical) then buy the upside breakout or channel re-entry, Notice the body ranges have now shortened to 5c (were 10c) and it is patterning into a bullish downward sloping wedge. This could be a nice little profit earner!
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Feb 9 20.00 AEDT Very bullish absorption bar Feb 6 on big volume. Notice volume of last few days - very bullish - somebody knows something, and they don't hate it! ... unless they read my post (above)! ... (hahaha) I will get some (more) of this if I can find a sweet entry point on a lower time frame.
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Feb 20 13:00 AEDT Profit results announced: - Total Group revenue of $995.0 million (+7.3%) - Net Profit After Tax (NPAT) of $71.1 million (+65.0%) - Group underlying operating profit (UOP) of $95.21 million (+43.4%) and statutory operating profit of $90.9 million (+53.3%) - Earnings per share (underlying) of 17.1 cents per share (+55.5%), earnings per share (statutory) of 16.4 cents per share (+65.7%) - Interim dividend of 8.50 cents per share fully franked (+47.8%)
Stock gaped open above resistance at $5.00 now support. Another massive load of volume on Feb 8 ... very coincidental! Time to take some profits off the table, as I believe it will pull back post euphoria, then rally again towards the ex div date. I appreciate the support ("likes") I received on my earlier analysis. I trust you have benefited from this. ... just my 2c worth