Astral Polyteck - Entry above 1240
past 3 years average sales 13.66%
past 3 years average profits 32.33%
past 3 years average margins 7%
April month has seen very low volume shakeout, looks like the supply coming to the market has eased. we may see a good upmove if price sustains above 124/1260
Astral has given a breakout from a recent high with good volumes. Earnings are pretty strong with 17/20% past three quarters. 2019 annual reports will give us a better view of the financial standing of the company.
Astral Poly is one of the strongest midcap stocks fundamentally. The price has defied market trend over the last 1 year and is trading close to all time highs.
A technical breakdown has taken place today and we can see the stock correct down by 10% and more. The uptrend of the last few months seems to have broken and the strong momentum that pushed the stock up...