Long Term Buy, might bump against resistance
I like X longer term, on a value basis...Net incomes are now positive, debt is down over the past couple of years (and now looks manageable).
Shorter term looks like a bear trap, unless a China miracle happens, bumping up against the longer term down trend. If it powers through (thank you value investors with a PE ~4), if it pulls back we're watching for a volume based bottom to buy some more for the long term.
Shorter term looks like a bear trap, unless a China miracle happens, bumping up against the longer term down trend. If it powers through (thank you value investors with a PE ~4), if it pulls back we're watching for a volume based bottom to buy some more for the long term.
Nota
Nota
Probably time to turn this one up and around
Penafian
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