Australia's largest stock trading and investment forum Australia's #1 stock forum

1PG

Click for more information

0.00%

16.5¢ 1-page limited

TA Perspective, page-8

First 8 Last

Share
Profile

Follow
NineLives

17,289 Posts.

511

15/03/16

14:06

Post #: 17278460
Share

Originally posted by Andrew1234 ↑

I am starting to watch this one again NL - just to see if it can bottom out and what happens thereafter

Still very reticent to re-enter while the actual revenue is so low - it is high risk and if they don't come up with the revenue $ in the bank account it could turn into a real mess

They are still burning far too much money for too little return IMO for my liking - they needs concrete evidence now - they have a salable product (and none of this blah blah about not understanding tech companies thanks)

In terms of TA I would expect some form of capitulation - your $1.30 area may be right for that - on high volume - then a sharp bounce...then some form of consolidation over weeks/months creating

It may be a while until this finally bottoms out and and real climb starts (but it does look like a first bottom could be put in soon)

Expand

If not THE bottom Andrew then at least A bottom. Getting it right is the hard part but I am watching closely as well.

1PG Price at posting: $1.49 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 332 more messages in this thread...

First 8 Last

Add 1PG (ASX) to my watchlist

SPONSORED BY