CDA is undervalued?, page-7

Below is also the trend of the gold price in the last 2 years:


As you can see:
1. the price of the gold has increasing trend in the last 6 months
2. In the second 6 months of the last financial year (when the 50% higher profit and all other good things happened), the price of the gold has been below the current level of gold price.
Hence, I expect not to see a drop (but also increase) in the CDA's profit in this FY. The profit will be even higher if the gold price follows the last 6 month trend.

In terms of the communication component, the 8% drop has been due to the covid which high likely get better in the next few months due to vaccines and other stuff.

In addition to this, the RSI index shows almost the minimum value ever in the last 5 years. The closest RSI to today is on March 2020 when the market crashed due to covid and consequently, the CDA share price dropped to about $4 and as you can see after that, the share price trend became increasing and the CDA price jumped to more than double in a few months.

Based on the above points, I think this stock is undervalued.