I hold again at 15c. But SMA50 is firmly tracking downwards and is close to falling below SMA200. Needs to get back to 17-18c soon otherwise likely to fall back to support at 12-13c. As I'm typing someone has just offloaded into the 15c buy line. I think part of the reason for recent fall is forecast for operating cashflow positive being pushed out another 12 months. Expect some are sitting on side lines waiting for a quarter or two of profits before deciding to jump in. If you look at the half year operating expenses were up $3.8m but total revenue up $1.8m.
EVS Price at posting:
14.8¢ Sentiment: Hold Disclosure: Held
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