If you look at the RSI value for FPH (second graph - the red "potatoes" in the chart mark the relevant peak when the SP started dropping) - looks like we are currently again at the FPH specific peak-value.
You still can enjoy your gains over the weekend - and long term I am sure FPH is a good hold - but short-term the SP gains might disappear again next week.
Just saying.
Last edited by BlackPeter; 06-09-2019 at 05:53 PM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Love your downramping BlackPeter. Were you doing that at $2.30??!!
Calling the publication of a technical chart "down ramping" is inappropriate, offensive and quite stupid if I may say so. I am just discussing facts and possibilities. If anybody, than it is you "ramping" and on the way offending fellow posters.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Hmm - $260m NPAT would mean an EPS of 45 cents. If we take your prediction of $20 SP, than this would make a PE of "only" 44.
Does not sound that dear these days for a company growing with a roughly 10% revenue CAGR, doesn't it?
Not my cup of tea, though - just imagine the markets decide at some stage in their collective wisdom to go for a healthy PE reduction back say back to 20 considering the growth (or heavens forbid - if they have an under-swinger to 10) ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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Originally Posted by share4eva
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