It's too hard to chart as technicals will follow fundamentals - supply and demand dynamics are all over the place. It's in a multi month side ways consolidating chop. Between those that hate the company and those that like the potential.
Punters expect too much too soon. Back end of A.I is being built now as we can see through Nvidia and Microsft. The front end such as Chat GPT and the like - the number of front end A.I juniors to list on Nasdaq has been one big fat zero so the market is still small but will definitely grow as innovation in this space is crazy and Appen is involved in the front end of A.I not back end.
We have seen the green shoots in A.I but for Appen it won't filter through financials until HY24 as market is still small but growing.
We should see a soft HY financial report but solid outlook. Won't see a top end outlook until February 24 in FY report and above average potential of business momentum during 2024 May AGM
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6 | 25807 | 1.970 |
10 | 54299 | 1.965 |
15 | 90899 | 1.960 |
10 | 43818 | 1.955 |
Price($) | Vol. | No. |
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