DHG - Domain Holdings Australia

[greggles]

A bit of a recovery today for DHG after a largely forgettable 2018. A summary of the HY19 financial results are as follows:

A bit of a mixed bag there. I can only assume that the reason for today's 19.62% share price gain is that it was better than the market's expectations and DHG had been sold down during January and the first half of February to levels well below fair value.

Still, it has gained 19.62% today to be currently trading at $2.50 and looks to be bumping into resistance at that level. Given the precarious state of Australia's residential property market, it will be interesting to see what the next six months brings.

 

[IvoryWolf]

Not much love given to this stock for quite some time, but it's been a quiet achiever since the last post about four years ago - steady as it goes. Importantly, decent performance since the beginning of the year, bouncing up from a low of $2.44 in mid-December, completing an Elliott Wave formation to the upside and shaking off an incomplete Wave 5 sell back to the '4' point, which indicates potential strength to the upside. Now trading above 10 and 30 day moving averages, challenging former resistance points from October ($3.52) and November ($3.50) of last year, it appears as though the share price is poised to reach new highs should the momentum continue to rise with increasing ADX/DMI and RSI (an increase in volume would further increase momentum).