FXJ 0.00% 66.0¢ fairfax media limited

Very oversold - time for a rally

  1. 6,975 Posts.
    G'day folks,

    At $2.66 Fairfax looks very oversold having dropped 20% or so in the last three weeks. The RSI is well below thirty and the MACD is getting to the point were a rally must be on the cards.

    I know the story about weak advertising etc. but jobs advertising is very high and real estate is still bubbling despite the negative prognosis. Anybody got a view?

    This stock was over $4. as recently as March and down 36% in that time.


 
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