Ellinas, there was strong support at 16 cents and the sp rebounded strongly to finish at 18 cents. I wouldn't say the support is necessarily at 18 cents though but then again I'm no chartist.
Actually I was surprised it dropped to 16 cents and I took the opportunity to top up.
Some of the company's larger stakeholders have a vested interest in seeing the sp stay at or above 20 cents for a period of time so it'll be interesting to see what happens over the next week or so.
Whilst I'm bullish on the stock overall,like everyone else I really have no idea what the share price might be in 1 week,1 month or 1 year except to say that I think if things go as I expect for the company then the sp trend will be upwards but obviously it's not a straight line. Yojee is a new company with a lot of potential but there are many challenges ahead and a lot of unknowns. So far they haven't put a foot wrong and I am very impressed by Ed Clarke and the rest of the management team and what they've been able to achieve to date. Hopefully they can keep it going and we can watch the company go from strength to strength over the next 12 months. The share price will then react accordingly.
All imo.
Good luck!
Jasp
YOJ Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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