I still can't believe people still treat "chart readers" seriously when it comes to value investing or day trading. It is hilarious.
I can also screenshot a price movement chart, zoom in or out depending on what suits the point I'm trying to make (how about you zoom out to December 2017 for EN1), draw a couple of lines and an arrow in the direction I "think" the price will go, and say there is good volume and space for breakout. Hahaha
You chart readers are hilarious: hilariously wrong, most of the time.
I predict EN1 will be below 1 cent by the end of July, however, in the meantime, management will use the increased price to issue more shares to pay down the creditors, who will then sell the issued shares onto the market.
In substance, nothing has changed: another new announcement about a new signing or product with little effect on the bottom line. The company is still making losses, has never made a quarterly operating profit in its entire ASX existence, and has dropped over 98% in value since it listed. Yep, great "investment".
