DWS bounce from oversold?

DWS Limited (ASX:DWS) or “Ddubs” as I like to call it stopped going down in the past week. By my reckoning, this is about the 50th most fundamentally sound stock (out of 2,000) listed. I previously wrote about DWS in 2014.

Bounce towards a $1 is possible after it broke a five month downtrend this week.

Click to enlarge

Click to enlarge

Update 7 August
DWS tagged $1 price target today ahead of time.
That’s plus 36 cents or +56% in a touch over three weeks.

click to enlarge

click to enlarge

The information provided in this article is intended for general use only. The article is intended to provide educational information only. Please be aware that investing involves the risk of capital loss. The information presented does not take into account the investment objectives, financial situation and advisory needs of any particular person, nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information herein.

Book Your Free Appointment
Simply fill in and submit the appointment booking form and Dean will be in contact with you shortly!