@bernardp - we need to face the facts here.......the descending triangle pattern is evident so there is the potential for the SP to break down short term.......or it could find a base on this low volume and go the other way.
Just remember some players here just look at TA and that's ok, remember many stocks over the years have broken lower due to TA only to follow up solid FA and move higher.
For me if we look at the bigger picture there is plenty to like about this company. It already has a huge base, revenue 7.4 million for the last half year and been profitable year on year. We also already know they are moving into INTERNATIONAL opportunities as we speak plus growing the business in Aus.
Envirosuite 2.0 was only rolled out last month which means the ball has just started rolling!
If your a short term trader this descending triangle is a concern as to how it plays out.
If your an investor like myself is just about riding the waves, I'm confident in the long term growth strategies that the company has in place and feel in 1-2-3 years from now buying and holding this company will comfortably see large double digit returns year on year.
So my point after all that chatter! Buy, sell or hold depending on your trade time frame, plan and risk strategy.
EVS Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)