Here is where we can marry the fundamentals to the charts. The chart pattern looks good; bottoms lifting after the retracement. The on balance volume indicator (OBV) shows volume rising on the upside price moves. (The obv deducts volume on down days from the volume on up days and displays the result as a line.) The judges seem to think better days are ahead for this stock.

Fundamentals; p/e of 9, yield of 8% fully franked. Earnings have been forecast to improve. Semtiment drives markets, but ultimately it is company earnings that set the parameters.