$JSECSB - Cashbuild: New 52 Week Low, Still Wedging
See link below for previous analysis
On Tuesday, Cashbuild released a Trading statement ahead of the interim results for the 26 weeks ended 24 December 2023.
Headline earnings per share (HEPS) are expected to decrease between 15% and 25%.
The DIY sector in SA continues to struggle and there is little to signal a change in the fundamental outlook.
Technically, the stock is still trending downwards in a large falling wedge.
My short-term price target is at the lower support line which could see price falling to 10000 cps.
On Tuesday, Cashbuild released a Trading statement ahead of the interim results for the 26 weeks ended 24 December 2023.
Headline earnings per share (HEPS) are expected to decrease between 15% and 25%.
The DIY sector in SA continues to struggle and there is little to signal a change in the fundamental outlook.
Technically, the stock is still trending downwards in a large falling wedge.
My short-term price target is at the lower support line which could see price falling to 10000 cps.
