CXN 0.00% 0.9¢ connxion limited

Can't believe how much this has been sold down - and now...

  1. 476 Posts.
    Can't believe how much this has been sold down - and now languishing at the .025 / .026 cent mark which I have a few at and happily accumulating.

    Stochastic indicators suggest this is a down day - which should change to an up swing early next week with a cross over - needs to break some resistance points before it runs of course.

    Bollinger bands suggests it's a screamingly cheap buy

    MACD looking to present crossover.

    Fundamentals - These guys are actually making money - with seem pretty extreme growth projections.

    On the bad side, they're recent SPP seemed to flop so they're aggressive expansion into Asian markets may be delayed with more of an organic growth positioning or even a SPP to sophisticated investors.

    Regardless off the SPP, management still seem positive of the growth prospects despite the share price being so low and a potential falied SPP plan.

    Despite the market depth - I like :)
 
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Currently unlisted public company.

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