CAV - Cavalier Corp (Carpets)

[percy]

Star performer today

If anybody wants a decent chunk they will need to go to 200 eh

Yeah right.!!
Sorry I am not convinced.

[baller18]

Looking from the charts, CAV just had a W bottom, any TA traders out there who can confirm this with me? Even thought it was only a few days and the volume is still quite low, does this signal they will be going in an up trend if it breaks through at $1.55?

But looking at the bollinger bands, it hasn't touched the bottom of the bollinger band either but it hasn't flattened so...

[percy]

Looks a very risky bet to me at present.SP at $1.52 means to me it is still in a down trend as the 50 day moving average is $1.60 while the 200 day ma is $1.74. Both moving averages are still in a downtrend.The ma,s need to turn upwards before I would consider buying.Also I am not sure what the MACD is signalling.

[percy]

Craig's have updated their target price to $1.94.They are confident of strong earnings growth over the next couple of years.

[baller18]

Craig's have updated their target price to $1.94.They are confident of strong earnings growth over the next couple of years.

Hm.. think we might be seeing an uptrend from the W bottom..

[winner69]

Hey that is a neat W on the chart eh

Nearly didn't see it on chart that is still heading down from 4 bucks

You telling me the W is a double bottom or something

[baller18]

Hey that is a neat W on the chart eh

Nearly didn't see it on chart that is still heading down from 4 bucks

You telling me the W is a double bottom or something

Yes, a W double bottom..

[baller18]

Cavalier bouncing nicely off the W bottom, to be on an uptrend

[muss1]

Another week or so has passed and it looks like CAV has settled a bit and the market is pricing in a bit of upside. Low volume, but it isn't the most liquid of stocks anyway. My main concern is the Aussie market that CAV relies on for half (or more) of its revenue, but it would appear even if that doesn't pick up for a while the NZ market will be doing enough to support a higher SP

[macduffy]

I'd still like to know what proportion of CAV's sales are of synthetic, rather than wool, carpets. I seem to be hearing more and more people opting for the former as they recarpet their homes, acknowledging that the wool product is superior but that the cost advantage of synthetic makes it hard to ignore. There also seems to be more imported carpet available these days.

Yes, I hold CAV!