DW8 Growth, page-1358

DW8 chart had a double top on 14/9 & 12/10 @ 6.2c SP & subsequently reversed trend due to delay of B2B launch along with SP downwards pressure from the conversion of the 3c options.

By 2/11 SP bottomed @ 4.1c (approx. 66% of 6.2c top) then rallied for a week until 9/11 to 5.1c. For the past 4 weeks the SP has been on a downtrend & is now @ 4.3c (approx. 69% of 6.2c top).

I believe that DW8 is currently undervalued & there will be a trend reversal. The double top resulted in the upwards trend reversing so I am now expecting a double bottom for the downwards trend to reverse.

We may even have a triple bottom form due to the conversion of the 3c options where the SP will rally up to around 5c again before lagging to around 4c then reverse trend & rise quickly.

MACD has crossed to downside so there is the possibility of further softening of SP to around 4.1c to form the double bottom. May even bounce off 4.3c as second bottom we will wait & see.