Haven't really posted my in depth thoughts for a while, looks like us LTH's especially, me have been wrong on the SP trajectory and movement. As others have pointed out, LTH's or at least me had their timeline reflective of a 0.58 - 0.62 SP by now and whilst we aren't there yet, doesn't mean we won't be. Such announcements like our new $48,000,000 facility, the upcoming Kaken announcement and most important the quarterly will soon project the SP to where we have all said it will go and whilst out timing has been off, from what I can gather, none of the LTH's have sold any shares. Whilst they won't openly admit to it outside of @winsol there are quite a few who have been trading it in accounts separate to their LTH position.
So let's look at everything as a whole.
1. Weekly - We've now closed out the week at 0.30 meeting the same SP which we held exactly this time last year where it was a strong point of resistance, instead now we find ourselves at a crucial line in the sand at 0.30 now forming support instead. Personally whilst on a daily or even 4hr time frame, I can't see it falling a very small amount below, may one final push as I keep saying but I cannot see this closing out any week moving forward below 0.30. - 0.40 is more likely in the coming weeks.
2. Dailly - For me 0.33 was the marker that we've seen hold time and time again but as of late, we've succumb to selling pressure, short interest and what I think is the exchanging of the guard with early insto/funds who going in sub 0.20 selling in the 40s to take profits only to line back up in the 30s to scoop up shares from nervous retail holders. It's easy to see what happens with the orders showcased in the buy/sell depth.. the $100,000 - $400,00. aren't retail and these types of orders are constantly appearing. Beyond that the smaller but still large and very similar orders ranging from $10,000 - $30,000 robotic in nature continue to hold the line and absorb any selling pressure ensuring it doesn't get much lower. If i were selling/buying like @winsol who probably more than anyone knows how to do this best, then I would enter here at 0.30. The chart is primed, especially on the daily to now recoup and push beyond 0.36 making this one of the most attractive shares to trade at the moment. We have constant volume and interest in the stock making is safe haven for traders ensuring at least a 5% - 10% clip every few days and whilst the constant up and down is frustrating for a LTH like myself, overall it will eventually drive the price up as it has in the past with further pending announcements forcing these mid/short term traders having to do conduct their business in higher price points.
3. 4 Hourly - a lot harder to gauge at the moment and patterns not as easily identified as they once were. If i'm taking a wild stab in the dark, we could be seeing a double bottom play out here but confirmation of this cannot be considered until we break above and remain over 0.33 with eventual reversal of SP going as high at 0.455 and then back to testing the 0.50s will occur over the next 2 - 4 weeks IMHO.
4. RSI - Showing now as oversold and perhaps hasn't dropped as much as it has in prior times but this alone is a strong signal to consider. Once again I believe 0.33 is where the major support should really sit and an entry now could see us rise back to and above that point flagging a reversal on RSI chart.
5. News Overall and most important for BOT now, the only thing that will truly propel us to where we should be is news. We know for certain the following things are going to be announced soon.
1. The quarterly
I think this will be strongest and most likely news of a SP increase. I genuinely believe that after the prior quarterly where there were roughly 2000 new patients being onboarded by the end of march, that the figure has risen to near 1000 per week and nearing 4000 per month instead and whilst we can take it with a grain of salt - I believe that the comment relating to the 18,000 patients if I am to take it a accumulative is on track to where I think we are.
If we can post a strong quarter of sales i genuinely believe we will have 0.62 and beyond in our sights.
2. Kaken/Dhongwa
Yes, I know it doesn't amount for much in the way of income but an extra 2,000,000 a year is still 2,000,000 a year. From memory I believe Japan gives us roughly 500k a quarter and with every other territory we can expand into the better. Regardless of the income side of things, its about exposure of a product world wide.
3. Expansion
Whether you took the recent announcement of raising a debt facility as expansion of Sofdra or expansion of the platform or perhaps expansion of an entirely new product - One thing I know about BOT and the directors is that usually and closely around the corner a further announcement follows reflecting breadcrumbs given in the prior announcement. I believe there is going to an announcement reflective of news around "expansion" very shortly. I think it's already being drafted and a deal of sorts being worked out relating to whatever it is they have in their sights.
All in all, I am not deterred, sure frustrated but we can't always experience SP increases as we did from June of 2023 to September of 24. and whilst from there we saw a rise from Dec 24 through to march of 25 things had to cool off and some sideway action has been needed if not a little pull back testing prior resistance and having it become long term support which I can now see at 0.30. Looking back I should have known this sooner but LTHs even after a while become greedy. I am sitting on 1.6m share freeholding them all, I am lucky to have already taken out what was mine and the rest can wait. As we've all been doing for a while now, I just have to continue displaying as much patience as possible.
Good luck to you all.
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