breakout, page-17

Hello Saragadamus,

It’s a quality you have in abundance, a group gathered for education, and a category?
Thank you for showing the current TA on this Class, which fits into the phylum ‘cloud-based SMSF software provider’?
(As an aside; CL1 looks to be at the place where the E one needs to get to before it is technically solid enough to start playing ‘upsies’ with conviction?)


And hello to knowledgeable holders here, and to anyone else as new as me.
To add some fundamentals to the picture;

There is a useful short thread starting April 5, on a CL1 competition company called BGL [here]. ( The price was $2.26.)
It includes an FNArena summary [see it here also] dated April 12, 2018 noting Class was dealing with the loss of a major contract .. “The company still has 8,800 AMP-based accounts to be migrated over 2018”......(ouch, why?)

-That would have been around the time of the third failed attempt to break the down trend?
And 12/04/18 was the same day the fund Pinnacle Investment increased its holding to 14.97% ( it must have had cause for high hopes despite AMP?)

Other big holders in 2018?
Spheria increased to 11.51% in June ‘18 after also building (twice) in April that year..... then was up to 12.63% on July 18, 2018.
Pinnacle increased to 16.01% on August 2 (the close that day was $2.20) but sadly, by September 12, had dropped around 9 million shares, and was back to 7.81% . ... (ouch, why?)
So 2018 wasn’t a very good year?


That gives an idea of some of the forces forging the downward trend ?

May ‘19 bought, along with whatever else, a new CEO in the shape of Andrew Russell [see him and others* on the Class website] and the second part of the year looked positive as the price headed for a high of $2.36 on November 29........
...Technically it was trying to push out of the ascending triangle ...
..........( hi @SimonGr , and thank you @norm80 for [the lingo and picture])


But no.
-Whatever else was happening, Pinnacle (which grew its’ stake again, to 11.32% in 2019), started to sell and was down to 10.17% on 13/01/20.
-Then on 28/01/20 [here] Class acquired NowInfinity, “a leading corporate compliance and documentation technology company’, for up to $25m - expected to be earnings accretive in FY’21.
-A new strategy was announced in February - [see here]...Class was ‘reimagining’ itself with a view to FY’21.

....No-one would have imagined Covid would strike in February too.
But it did and left its paw print on the chart too.....
And now it’s late, and I hope the above collation of rough history is of use to someone out there as a stimulus to further research as well as illustrating energies behind some of the technical action.


PS also note (is it on the chart?) the March ‘20 appointment of *Alexis Rouch to the management team;
https://johnsonpartners.co/news/class-super-appoint-alexis-rouch-as-chief-technology-officer/


cheers