Breaking out of 3.11 smoothly plus good volume that will propel to drive the price higher towards 3.20 and above .
Pls dyodd.
- 28th Dec 2018
Looks like it has managed to fill up the Gap today at 3.04/3.05.
Looking good for further upward move !
Immediate resistance is at 3.11.
Breaking out of 3.11 smoothly that mayclikmay drive the price higher to 3.20 and above .
Pls dyodd.
28th December 2018
TA Wise, looks bearish! After going ex.dividend on 18th Dec 2018, it has since corrected lower from $3.06 and went down to touch $2.87 before bouncing-off and head higher to close at $2.90 on 26th Dec. On 27th Dec , it has managed to do a Gap up and close well at $2.94.
I think it will need to overcome the hurdle at $3.02 in order to reverse this downtrend and head higher to fill up the Gap at $3.05 .
Breaking out of $3.05 with ease + good volume that may drive the price higher towards $3.11 and above.
Yearly dividend of 17.5 cents.
Yield of 5.95% base on current price of $2.94.
Not a call to buy or sell.
Pls dyodd.
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