This stock has hit a resistance at 7c. Based on my analysis, I expect it to slide towards 5c in the next 3 months:
- Revenge spending post lockdowns has stopped
- Corp stores profitability eroded due to consumer slowdow
- Acceleration of stores closure due to above
- Lack of new stores due to recessionary environment and high cost of capital.
All in my opinion. All debates welcome.
Pizzas & Donuts for thought...., page-17
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