I might not have Tradersurfer's funky charts but I can read it....
Its says:
In addition to our technical level sellers at this level now fighting a horribly low valuation for a stock that could be justified at $200m.... Each sale here is a bet against:
AI. Fintech. Financial Services. Our disruptive Technology. Catriona and the Tech team. Nationwide and AMP. Our strong client Pipeline and and existing ASX20/Fortune 100 customers....thats alot to bet against at 7c.
But check this out.....After we broke thru 5c, Each of CR8's Chart's low bases have been:
CONSECUTIVELY 5.1, 5.2, 5.8, 5.9, 6.2, 6.7, 6.8, and 7.0 !!
ALL our Lows have been higher than the last low...that is 8/8. Not bad huh ?
Now I might not be the technical guru of gurus like some here but I know enough and I know that is a bloody good technical sign.
I also know 10.5 has also been tested 2 times......Another good sign and we all know 3 times is a charm.
It will probably go lower now I have pointed this out ! But really it should retest 10.5c soon...
Last Shakeout was 8.4c to 6.2 (-26%) and then we had a +69% rally over 3 days.
This shakeout has been severe on no bad news but great AMP news, it has lasted 10 days and been 10.5c to 6.3 (-40%) and now we are only back to 7c (+11%) so we are owed a BIG rally (50%+) and should power up well past 10.5c when we get there again to 12-14c.
AMP not factored in at all at these levels, nor the contracted pipeline and with Nationwide Insurance USA rollout in 4 weeks when contracted plus performance revenue should kick in.
A strong technical rally is overdue. When the selling drys up. Perhaps the cappers will keep trying but I'm calling for 12-14c by February. 4 weeks. Lets see.
On valuation .....it should be much higher than that.
GG
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Mkt cap ! $2.608M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 26200822 | 0.2¢ |
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Price($) | Vol. | No. |
---|---|---|
0.3¢ | 5982986 | 12 |
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34 | 26200822 | 0.002 |
15 | 29605708 | 0.001 |
0 | 0 | 0.000 |
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0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 5982986 | 12 |
0.004 | 9450267 | 16 |
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