It has managed to bounce-off from the lower Trend line at 62 cents and close Higher at 63.5 cents looks rather positive!
Ex.Dividend on 2nd May 2019, pay date 15th May 2019. Fantastic! The payment date is just within 2 weeks. The power of cash cow.
2 more trading days to go before XD. I think a nice breaking out of 64.5 cents + good volume that may drive the price higher to retest 68 cents .
Not a call to buy or sell.
Pls dyodd.
6th April 2019
After hitting the high of 68 cents , it has retreated and went down to touch 57.5 cents which is pretty healthy!
It has managed to bounce off from the lower Trend line and rises up to hit 63.5 cents before profit settling in and went down to touch 59.5 cents to form the lower high.
Looks Bullish and it may well on the way to go up to test 65 cents.
Short term wise, it may likely move up to retest 65 cents. Breaking out of this level with good volume that may drive the price higher to 68 cents and above .
Yearly dividend of 4.5 cents .
Yield is 7.5%.
Not a call to buy or sell.
Pls dyodd.
No comments:
Post a Comment