CXN 0.00% 0.9¢ connxion limited

technical update week mar22-28 & long term.

  1. 1,715 Posts.
    Hi all, I have just finished accumulating a position lately & glad to join u all. The recent volume has triggered my chart alert & further research on this one reveals very good fundamentals, ie, solid mgmt, EBITDA turned positive, some big hitters backing it, FCP's reputation & of course the company-making acquisitions to come.

    Just roughly did both ST & LT charts for those interested with potential price targets identified.

    ST charts - potential target 7.5c


    LT charts - resistance at 8,10,12c (achievable on the back of expected acquisition news IMHO)


    Appreciate any comments
    GL all
    JL
 
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