Short Term Trading Weekend Lounge: 4-6 Nov, page-120

STTCOMP NWZ, TA Long

Newzulu Limited
Market Cap at .6c : $8.7 million
Cash: $3.2 million
SOI: 1.4 B

Have been consolidating at .5-.6c for couple weeks.
Should garnered more interests soon at the resistance level.
Breakout is likely if it can pushes through that Ichimoku.
High-risk play, but any entry point around .5-.7c shall be a decent punt for the test soon.




Main Concern:
Has cut down costs by 50% after the restructuring, but monthly cash burn is still projected to be around $500k/month.
So, CR before June 2017 is expected.
Tip is for ST - MT, LT shall remain precarious.

Disclosure: Not holding yet, but very interested.