A great business here, having invested previously & sold for 38% I have now started buying again for a longer run as business aims to break even by Q1 2020
Targets: 8.4p / 11.8p / 15p
Very bullish on chart, check MACD on daily where it's crossing
Headsets to breakeven: 400
Martin CEO has 8.41% of the company & whole BoD together about 15.6% so therefore...
Drawing some lines on a few stocks, fast and loose style, to see opportunities for swing / range trading.
Where price hits the bottom of a channel and the market enters a downturn, we may see that acting as a catalyst for a trend change.
If price is still within mid to upper ranges of a channel it is more likely to hold stronger, chop sideways, or meet support at...
There was previously at 13p too much price congestion and a hard resistance to break so for me it was a no brainer to sell there and re-buy it lower.
20ma doesn't seem to be holding as well so for the moment I can see we might drop back down to possibly 10.5p but it depends on the volume & news.