Respectfully, what technicals are you referring to? On 17-Sep Thursday, we finished with a bearish shooting star candle going from 21c and now back down to 15c today. I saw the price action in real time that day and it wasn't pretty.
There was only a 2-3min bullish window and then selling action for the rest of the session. Management have to provide a positive business sales update, big key announcement or deals within the next 1-2 weeks or we go back down to 13c.
If 13c breaks we're back at 11c again. The COVID crisis was an opportunity to quickly pivot to an aggressive e-commerce strategy in driving additional sales growth and they didn't deliver. The Amazon expansion should've been done at least two months ago.
Meanwhile every day that passes they burn through more cash from high staff and administration costs. It's now 22-Sep and amazon.co.uk frustratingly displays our competitors' products when I type in "SPACETALK watch" or "SPACETALK watch for kids" in their search engine.
One of our competitors (starting with the letter M) here in Australia (and in uk) already have their own amazon web page setup for the uk market however their 4G watches are not in stock or not available for sale. From the reviews it would appear they have issues with quality and reliability. The other brands of smart watches are surprisingly 2G variants.
Share price history:
5-Mar: 15c
21-May: 15c
22-Sep: 15c
22-Dec: ?
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Respectfully, what technicals are you referring to? On 17-Sep...
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