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TELIX Pharmaceuticals Limited (ASX:TLX)

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Question asked

TELIX Pharmaceuticals Limited (ASX:TLX)

Hi guys I've traded Telix a few times over the years and putting aside the SEC issue I still think the stock has some significant upside. My question is what do you think would be a good price to repurchase the stock.

Answer

Hi Gavan,

Telix is a volatile beast, most certainly a stock that throws up a few great trading opportunities almost every year. With a stock which can be very news driven we pay attention to technicals to provide some decent risk/reward:

  • We believe the stock has posted a meaningful swing low in February at $8.26, before almost doubling.
  • However, the $15-16 area is obvious short-term technical resistance.
  • Hence, from a trading perspective we would be looking to accumulate in the $13-14 region.
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TELIX Pharmaceuticals Limited (ASX:TLX)
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