Stadio is a favourite of mine with solid fundamentals since unbundling from Curro.
The share price decline since listing was more of a macro fundamentals issue as the company beat all its pre-listing targets showing good growth.
From the March 2020 bottom at 75 zac, the advance has broken down in five waves labelled 1 to 5 for a higher degree wave (1).
Wave (2) has been relatively small but this is a share of a good, defensive company that I would say is probably undervalued at current levels.
As long as 299 zac holds, i will maintain my bullish stance on Stadio. A break below 299 will imply wave (2) is still unfolding.
The share price decline since listing was more of a macro fundamentals issue as the company beat all its pre-listing targets showing good growth.
From the March 2020 bottom at 75 zac, the advance has broken down in five waves labelled 1 to 5 for a higher degree wave (1).
Wave (2) has been relatively small but this is a share of a good, defensive company that I would say is probably undervalued at current levels.
As long as 299 zac holds, i will maintain my bullish stance on Stadio. A break below 299 will imply wave (2) is still unfolding.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.