CCP has formed a base and trading range the last few months. Earnings have been robust though below analyst estimates last few quarters. Earnings will be out on 1st August and could be a catalyst for the stock to move higher.
Current Technical resistance is at 24.5 and stock is trading closer to the resistance range. Watch for a good result and stock could move...
In the low interest rate, post covid environment, ASX:CCP is enjoying the perfect environment to borrow cheap money to buy debt from major finance player.
Looking at the price action, it typically took time to consolidate within a 8-10% range for 2 months and would leverage the next catalyst to breakout. The next level of resistance is just above $34 and look...
IN early Nov, I wrote about how ASX:CCP would recover and break thru. After a whole month of consolidation between 23-26 dollar range, it finally broke thru previous high of 26.62 with the news (hotcopper.com.au).
On fundamental side, CCP is a debt collection company. its acquisition of the other company's debt, with a great price represented two catalysts...
Credit Corp Group Limited is an Australian debt buyer they buy debts from bank, telco and other commercials ( at a discount of course) and try to collect them back by provide different solutions, such as offering flexibility.
Their stock price has halved due to covid. Its true that people are facing more financial burden during covid and present high risk of...
Entry : Anticipation of ZS. This still might consolidate before ZS so, keep an eye on it. Good RSI above 70 with volume.
TP: Sell on ZS or ZS continuation.
SL: -4% or
$CCP - CREDIT CORP - Retesting Resistance
Having a third crack at the $24 mark. Could be worth a look if it breaks.
About Credit Corp
Credit Corp Group Limited is an Australia-based company engaged in providing financial solutions. The Company is engaged in debt purchase, collection, as well as consumer lending. The Company's segments include Debt ledger...
If you cant see the chart double click the price column. Here's my swing trade set-up for $CCP on the ASX today off this higher low. Not financial advice.
