Short Term Trading Thread: Week Starting 13 Nov, page-102

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    STTCOMP ZYB, TA Long

    Secure mobile solutions
    SOI: 620M (263M listed options ex price 1.2c expiry 31/10/19, unlisted - 28M FPO's. 30M options, 80M exchangeable shares)
    MC: $5.2M
    Cash: $1.4M approx.
    EV: $3.8M

    Daily chart - On-balance volume is getting off the chart and not many are willing to part with shares at 0.7c. MACD and signal are trending down which suggests to me we'll see the last of the weak hands leave this week and/or next. 50MA/200MA golden cross recently and 50MA/100MA cross not far back too. Technical traders must be eyeing this one off.
    upload_2017-11-13_22-31-52.png

    Weekly chart - MACD just poked it's head above 0. OBV still impressive since March this year but that may also be skewed by some trapped holders at higher prices. When it starts moving, 1.2c would be an ideal first target.
    upload_2017-11-13_22-38-24.png
 
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