The Australian stock market seems going forward, but we need to wait and see. The US market is likely to correct in the short term, how does that affect Australian market ? Oil Prices have come down, will this affect other resources like coal ?
One Australian company is going down:
Metcash Ltd, in contrast to the rest of Australian stocks.
LayBuy is a company that has grown the sales year over year, but keeps losing money. The share prices have seen a classic case of being dumped : from 2 dollars in 9/2020 to 0.04 dollars in June 2022 !
This shows that one should look for fundamental facts, especially the business sustainability, as well as chart.
The Australian stock market seems going forward, but we need to wait and see. The US market is likely to correct in the short term, how does that affect Australian market ? Oil Prices have come down, will this affect other resources like coal ?
One Australian company is going down:
Metcash Ltd, in contrast to the rest of Australian stocks.
‘Extraordinarily cheap’: The ASX share where 77% of its value is cash
VC on Nuy Now Pay Later
https://www.fool.com.au/2022/07/20/extraordinarily-cheap-the-asx-share-where-77-of-its-value-is-cash/
https://investors.touchventures.com/Investors/
LayBuy is a company that has grown the sales year over year, but keeps losing money. The share prices have seen a classic case of being dumped : from 2 dollars in 9/2020 to 0.04 dollars in June 2022 !
This shows that one should look for fundamental facts, especially the business sustainability, as well as chart.
A typical chart can be found at
http://www.newlonkong.com/English/laybuychart2years/
The All Ordinaries index is on the rise !
The technology market in the US has risen so much in the past month, so it maybe a time to pull back a little.
Australia technology stocks are moving up today, this may not be sustainable if the US market keep dropping on Monday.