G’day Moosie, thanks for the charts mate. I preface my next TA comment with the fact I know little to nothing about charting; but is it possible the blue line drawn here forms the base of a new uptrend channel?
FA wise, don’t forget we are expecting the “go live” date for Ladbrokes, Neds and the UK tote in the next two months (quarter 1, 2018 as per announcements).
In my opinion, confirmation of corporate bookmaker money flowing into the Global Tote pools should see us surpass 50c and reach new highs.
The blue sky will come when Sportsbet, Crownbet, William Hill, Bet365 et al scramble to jump on board once the Tote begins to gather further momentum. Then it will be snowball time (If a takeover offer from one of the big players doesn’t come sooner)
TBH Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
