CXN connxion limited
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Hi all, I have just finished accumulating a position lately &...

  1. jamesliu
    1,715 Posts.
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    22/03/10
    22:10
    Post #: 6482574
    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
    CXN Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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