So... 708 suggested a new thread and I entirely agree with them. The old one was crazy long so this one hopefully will start the conversation back up from where we are today (26th Feb, 2020, price of 1.2c (open) and 1.1cents currently).
Where to from here? My 2c (which is actually worth about 0.2c) is that it should form a base around here. There is simply too many investors currently under water who would of already sold if they needed cash or didn't believe in the company.
Fundamentally the company still needs to show it can produce revenue/cash, as it sits around 37million MC as of today (1.1c) and just over 40million at 1.2cents. Which isn't a small company.
Technically, OBV is down around 0, which isn't positive but MSI is showing heavily oversold and RSI is borderline oversold. Volume has also been trending down which is often seen as positive when reaching a minimum point.
CGB Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
