DHG is exhibiting classic “sell the pop” characteristics which has been so prevalent in 2021, after registering fresh highs in the last fortnight the stocks reversed lower as profit takers have emerged. There are no sell signals but the stock along with REA Group (REA) is not cheap after recent gains and we wouldn’t be chasing either as the RBA & APRA attempt to slow the Australian housing market.
MM is neutral DHG
Add To Hit List
