Punters look like they're happy to pay around these prices. Good to see a bit of strength returning.
Interesting to see a likely golden cross sometime this week or early next. That definitely bodes well for the turnaround. Also, 50-day volume weighted MA sitting at around 1.4c (ASX data only - could possibly be higher if you include Chi-x) so many would be trapped higher or happy to pay those prices for a tech shell with a potential blockchain acquisition soon.
I think many would be forgetting that it was nearly 3 weeks ago that the company mentioned that it was looking at opportunities in blockchain enabled technologies. And even longer if you go by the rumours. All the while they've been watching the share price fall. Just see it for what it is....a cheap tech shell with a low EV that is pursuing blockchain tech.
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