ashainp

$AR9 with significant tailwinds

Long
ASX:AR9   ARCHTIS LIMITED
TA,
-MACD daily golden cross
-Upper-level exhaustion (known as cup and handle in TA culture)
- Bullish Moving averages

FA,
- Geopolitics
- War on data. Data is the new currency. Protecting data comes with big rewards.
- Management team
- Top government contracts: MOAT
- Good financial health
- Insider ownership: 17%
- Recurring revenue
- TAM 2.8B in AUS and 7.7B worldwide

(-)
- Massive run-up since March lows so there could be some Profit-taking
- RSI overbought
- Dependent on a few big customers
- Price/sales=120

Don't usually buy into overbought stocks, but success comes from doing things differently


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