XAO 1.61% 8,150.1 all ordinaries

Short Term Trading Week Starting: 9 July, page-17

  1. 8,906 Posts.
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    STTCOMP RHT, FA LONG
    402.5m SOI
    10.46m MC

    RHT has hovered between cash flow neutral and a profit a fair while now and they seemed pretty content to keep it there. Lately however there has been a change of character and things have been happening.
    A move to into AI with their tech which in turn should improve the profit line, and the most recent partnership with Blackford analysis will expand their customer base and exposure.
    Relative Low shares issue and low threat of a surprise raise. Management own a tonne of shares and as recently as March bought more on market.
    Chart is a weekly but u can see its been in this range for plenty of time, Higher lows, few checks high and low for supply resulting in the current squeeze.
    Likely the next Q might be the catalyst to break out. Capturing previous highs is not at all out of the question.
    Have a quick look and see what you think anyway

 
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