JTL: Upgrading To A STRONG BUY!
Market Cap: $1.75M (at 0.007c)
Revenue: $5M YTD
Cash: $5M (via recent convertible notes to make the company debt-free)
Shares On Issue: 249M
Top 20: 70.87% or 176,648,858
Float for Hotcopper/Twitter/Facebook = 73M
DISC: HELD!Low Float Low Market Cap
Just insanely undervalued IMO so many reasons for being a buyer. When 1c - 1.2c clears then sky is the limit (2c lol)
Weekly Chart:
1: Shows back in 2019 (left side of the chart) prices significantly ran and could not hold, resulting in subsequently selling off with big dumps into a higher low
2: Prices then based for several weeks during November & December 2019 - Before shooting up as high as 301%
3: Not highlighted on the chart but after selling off again after the 301% run up, it once again based in May/June of 2020 and then ran again with triple the returns. It then followed off in traditional style, selling off during all of 2021 through to most of 2022 (like many stocks)
4: Fast forward to 2022 current levels what do we see? Once again, withhistory repeating from 2019 we are seeing yet another base
5: Off this base, extreme amounts of volume accumulation is seen which may also indicate counter trend or reversal opportunities for value investors & traders
6: 2c Resistance Level was a previous support zones that could no longer hold. Ideally we would like to see a retest of that level especially for a counter trend/reversal thesis. Gap in Price from 2c to 2.3c also worth looking out for!
Current prices of 0.007c to 2.3c is potential returns of +220%Monthly Chart:
1: A very clear history of becoming a supernova stock (over 300% returns)
2: Shows that it can be a multi-month runner
3: Thin yellow circle shows a very volatile moment which was great trading opportunities for swing traders as it also ran for multiple months
4: 2c has repeatedly shown to be a level where the price can significantly run, however it eventually failed as a support by breaching it so it may be revisited to retest if it's new resistance, or upon confirmation of the trendline resistance being a breakout, could see 4c - 6c zones. Time will tell
5: Fast Forward 2022we see potential breakout of the downtrend resistance with 3 consecutive back-to-back green months, with volumes trailing along it
6. It then had 1 month of pullback, on miniscule volumes showing that supply was incredibly thin!
7. With November 2022 also being a green month on a significant volume breakout, it may act as a confirmation of the small volume pullback being restricted supply, and infact a big soak in order to accumulate shares by a potential Top 20 InsiderI'm following the money here
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