Ann: FY21 forecasts, page-118

been watching NXL for a couple of months, finally decided to got in today at 4.28c.

Today's announcement wasn't fundamentally as bad as many trader's think. As some revenue was simply shifted to be realised in the next finanical year due to transition to SAAS style of contract. it funny to see people getting panicked by just looking at the revenue figure without take into consideration of the reason behind the drop.

on top of that, one year RSI indicator showing the stock in now in oversold territory. this may not necessarily indicate the bottom for long run, but at least for short term, it is a very good indicator.

and finally, when people, especially the retail investors are getting panicked, frustrated about the SP drop. it is often a good time to buy.

let's see.