My technical analysis is stating that CXM is a screaming buy. The protracted relatively narrow trading band, coupled with the quadruple retracement and bottom, have me predicting a 780 week high.
I know that in my circa 4000 Hotcopper posts on CXM since 2019 l have clearly communicated that the company is something special. I am now clearly communicating that this breakout may very well be the mother of all breakouts.
I cannot understand, let alone believe, how the company is valued under $300 million. We are now cash flow positive and have a premium product which is effectively locked in as sold for a very long time to come.
Remember, the company has announced that it is supremely confident that the Ardmore resource will be expanded. They have to be so confident given that it is open in nearly all directions. I just can’t believe the market is so cautiously pessimistic.
Make no mistake, the gorillas shook the trees long and hard. The top 20 explains this fact.
CXM has never been about selling the sizzle as it has a perfect sausage. This has been - and will continue to be - one of those companies which investors will look back on and know that the fundamentals are exceptional, the technicals are screaming and the professionalism of the company is unquestionable. This is the goose which will lay so many golden eggs.
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