MM thoughts on CSR

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Question asked 18/09/2021

MM thoughts on CSR

Good afternoon James and team, I recently purchased some CSR Limited shares at $5.40 while selling out yesterday at $6.05 (booking a 12% gain in 12 sessions). I note that CSR Limited is closely monitored by MM team and you guys remain bullish on this stock heading into 2022. Are you bullish purely from a technical and value prospective or are you bullish because there's no further lockdowns anticipated across New South Wales and construction activities will start to pick-up. Do you have a target for Christmas this year on this stock. Wishing you a great and restful weekend. Kind regards Tianlei

Answer

Hi Tianlei,

We are actually bullish CSR for all of the 3 reasons you have mentioned, we are looking for a test of $7 into 2022.

PS Good trading!

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CSR Ltd (CSR)

LAST UPDATED 17/09/2021 17:00

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