$JSESDO - Stadio: Stay Bullish Above 299 zac
Stadio is a favourite of mine with solid fundamentals since unbundling from Curro.
The share price decline since listing was more of a macro fundamentals issue as the company beat all its pre-listing targets showing good growth.
From the March 2020 bottom at 75 zac, the advance has broken down in five waves labelled 1 to 5 for a higher degree wave (1).
Wave (2) has been relatively small but this is a share of a good, defensive company that I would say is probably undervalued at current levels.
As long as 299 zac holds, i will maintain my bullish stance on Stadio. A break below 299 will imply wave (2) is still unfolding.
The share price decline since listing was more of a macro fundamentals issue as the company beat all its pre-listing targets showing good growth.
From the March 2020 bottom at 75 zac, the advance has broken down in five waves labelled 1 to 5 for a higher degree wave (1).
Wave (2) has been relatively small but this is a share of a good, defensive company that I would say is probably undervalued at current levels.
As long as 299 zac holds, i will maintain my bullish stance on Stadio. A break below 299 will imply wave (2) is still unfolding.