WHK Potential

Hi Friends,

Sorry about starting a new Thread but I could not post the reply below. Contacted Hotcopper and followed instructions but still without success, so I had to start a new thread. I hope that's ok with you guys.

So, here it goes:

Hi Friends,

Following up from @doudou's post, I'm attaching acouple of charts showing likely Price movements for WHK.

Chart 1 - WEEKLY

This basically confirms what @doudou saw on the Daily chart. On the Daily, itformed a 3 Bar reversal, also called a Pivot by some (Daryl Morley, for one). Itwas a pretty good reversal, even allowing for all the favourable news aroundthe cyber sector.

On the Weekly, you can see a very convincing Bullish Engulfing. The volume wasquite noticeable too but, more importantly, you need to consider the Effort v. Rewardor VSA, to understand that the increase in Volume resulted in Higher Prices,not just churning, which would signify Supply present. This is good news.





2 - Chart 2 - MONTHLY

This chart shows a likely move upwords,to around 70 cents, which is the 161.8% Fib Extension level. This level is the first port of call, where the Price is likely to get to before pausing for a little while and then, hopefully, moving up to over $1.70.




Looking at the Fundamentals, this is what we know:

1- US Federal contracts - a number in place, which are being renewed and others in the pipeline;
2- Amazon - venture with this worldwide group, with serious potential for Revenue growth;
3- Dunn & Bradstreet - highly regarded global group, with hundreds of thousand of businessclients;
4- (Facebook) - Media giant - with billions of members worldwide.
5- 3 senior and experienced staff members engaged in Sales generation
6- a number of contracts being worked on (around 40, of which 30 involve Private Enterprise clients)

All in all, now that Covid disruptions seem to be getting out of the way and the new Biden administration is starting to get traction, we should see some good announcements and significant increases in Revenue.

Hang in there. I ain't selling !!

Cheers,

soccer