Posted by milosh > 2021-06-15 16:05 | Report Abuse

bottom already? around 1.1 should be a strong support technically

Posted by RainT > 2021-06-15 18:48 | Report Abuse

cannot see PE like that

some companies PE is naturally low & some is naturally high

dont put too much expectation by thinking low PE shall rise

Posted by milosh > 2021-06-15 18:56 | Report Abuse

yes PE is different between sectors and even need to be considered individually for every company, other than that there are averages and historical averages and also international averages. I can tell you for sure P/E below 4 is not "normal" for (almost) any company. To the "increasing PE" I don't agree, you are simply wrong, every company one day finds its right PE, be it by increasing market price or earnings decline. PE can not stay low for long (talking about months, not days). It is actually proven by multiple market studies/research. If you are really interested, on internet is lot of written information about it same as many books were written - from respected people in the industry - my favorite for example is Peter Lynch.

Posted by milosh > 2021-06-15 21:34 | Report Abuse

https://miloshtrading.blogspot.com/2021/06/advanced-ratios-peg-ratio-explained.html

Posted by milosh > 2021-06-16 10:11 | Report Abuse

technically it is starting to look good

Posted by milosh > 2021-06-23 19:52 | Report Abuse

today should be already near bottom