BUD 0.00% 0.6¢ buddy technologies ltd

@McKhenry, the volume, or lack there of, is perfect from a...

  1. 2,769 Posts.
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    @McKhenry, the volume, or lack there of, is perfect from a technical perspective. The sellers that were waiting above 3c appear to have been exhausted and the buyers remain.The buyers will have to pay higher prices to get set on significant volume. What that level is, is anyone guess!!!
    The first wave higher was met with selling from Sequoia, mums and dads up 100+pct from the 2c SPP and non believers who had been waiting for a bounce to exit.
    Today's visit to 3.7c is on above average volume ( due to the time of the year) BUT the sellers are no longer there. A nice second close above the 100dma usually implies a trend reversal.
    Looking forward to 2020 on so many fronts
    (1) Lifx expansion into Phillips dominated territory in Europe. Europe has more people than the USA and much earlier adaptors of technology. Major revenue uplift but maintain margin around 30%
    (2) Further licencing agreements and expansion in USA and Europe. Fans, blinds, auto etc
    (3) Switches sold in bulk to developers and via trade.
    (4) New lifx products, especially in the commercial and industrial spaces
    (5) OHMWW finally getting traction at INGRAM global. Carbon as a service getting recognition.
    (6) Manged services continuing 10% growth month on month.
    (7) More partnerships with gamers like razor and utility providers like fidelity.
    (8) What ever they have extra up their sleeve!!!

    https://hotcopper.com.au/data/attachments/1904/1904650-e978914798fff3f0e5bcf129c14b62d8.jpg
 
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