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STP $1.74

Another June Tax Sale Special

  1. Technically this is holding the retracement from its high of 59c.

    For some reason its behaviour around the 61.8% fallback hasn't been that strong but neither has the market so perhaps not surprising.

    At around 45c it looks to be a reasonable buy with decent fundamentals sitting behind it and an active management out pursuing acquisition opportunities.

    Yes, it used to be a gp favourite but I would still consider it worth a look.

    Longterm trend looks OK but watch out for any further days trading clear on the wrong side of of the 46c mark there have been a couple already - hence my caution - and interest.

    Cheers,

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