OVT 0.00% 0.4¢ ovanti limited

$1 Club, page-15523

  1. 238 Posts.
    lightbulb Created with Sketch. 74
    Looks like we might be bouncing off that mid-40s support band again.

    Good news is a second rebound would indicate a potentially bullish push back up - who knows where we can shoot to from there.

    @Ryzie's analysis has already identified a potential FA target of $1+ based of existing and new revenue streams - interesting to see just how long it takes for the TA and FA to meet. Important thing to remember is that from the time we reached the ATH in the 80s to now there has been NO fundamental changes to indicate a push into the negative. This price action is predominantly driven by general market sentiment and profit-driven trading - the only announcements indicating a change to the fundamentals of the company was a partnership with the largest gateway provider in Malaysia.

    Let the market do what it does best and reset - we're not bleeding money, we're not worried about PEP-11 approvals (BPH) or bleeding millions of dollars per year (APT), we're sitting on a war chest of $58 million + and upcoming launches of BNPL software and merchant referrals.

    Just sit back, relax and enjoy the ride up.

    Yours faithfully,

    A trader who can't read the market at all.
 
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Last trade - 15.31pm 29/08/2024 (20 minute delay) ?
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