ishorus

Long term play on TER as it pulls back?

Long
ASX:TER   TERRACOM LIMITED
Even though it's pulled back significantly it's still in a weekly uptrend. Looking at the monthly chart, it's coming out of exhaustion and increasing energy. Currently at a large support node and there is another at .62. Also, near the Oct 2018 highs and testing from above.

Outside of TA the stock has a dividend of 10% and a P/E 2.89.

Balance sheet is healthy:
  • Cash flow up sharply from 2021
    Revenue and profit up significantly from 2021
    Debt to assets has reduced significantly
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