So the situation is that we had two gaps to cover.
The top gap is always meant to be covered. This has been done. This is good news.
Now, we are approaching the bottom gap. As you can see in the history, the gaps are not always covered in this particular stock. That is fine. It is important to note that it can be a support as you can see on the 3rd of November. So, support is now between 56 and 54.5 cents. So being quite close, theres a chance for good top up opportunities here in that region. That is also good news for those waiting to do so.
Overall, it is important to note that the company is now cash-flow positive. This is significant!
It is also important to note that whilst revenue is not as high and therefore unlikely exponential at this time, it is still increasing.
The story has not changed. short-med term doesnt look favourable (looks flat) but longer-term and this is 6months wise, its most probably going to go back to 90 cents
3DP Price at posting:
61.0¢ Sentiment: Hold Disclosure: Held
