4DS 3.45% 9.0¢ 4ds memory limited

Hi EW how you goingLoving your commentary mate.still here and...

  1. 757 Posts.
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    Hi EW how you going

    Loving your commentary mate.

    still here and holding patiently...haven't seen any reason to sell yet, was a bit disappointing 4DS failed to breakout on that previous push to 16.5-17 and has fallen back into the range, where as WBT which had a strikingly similar chart and brokeout on that cycle and has pushed on up....Im sure 4DS will have its day in the sun, and the closer it gets to the apex of that triangle the tighter the spring coils up and the more exaggerated the breakout.
    There's a huge amount of support here... we have the 50% fib at 14.5 and now approaching the oblique support line from the trend since March 2020 and sitting just below there is the Longer term Oblique support which is now around 12.5-13 cents from the trend that started in July 2017. That longer term Oblique was tested and firmly rejected with that selling climax in early may.

    Why are people worrying about a CR when we have 3.5 quarters of cashflow still, the ASX listing rule is a minimum of 2 quarters so wouldn't be concerned with that until the final quarter of this calendar year and as we all know from the FA guys and also from what the long term price trend is saying... 4DS will be priced much higher than they are today by that point.. assuming they haven't already been taken over by then in which case capital requirements for listing will be irrelevant.

    Its much easier to remain patient when you zoom out a little and look at the bigger picture of how the company has been increasing in value over time.

    https://hotcopper.com.au/data/attachments/3388/3388786-a500219718eeab5641f3d00a9a508ef4.jpg
    Last edited by dappaT: 22/07/21
 
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