BET is following almost exactly the price movements it made in 2017 before a massive 80% crash.
A possible Risky 50% gain on the final UTAD stage before price depreciation.
BET has pulled back lower but has shown good support at the 200 SMA so far. Currently it is consolidating but i would be a buyer if it manages to hold at the current levels and show bullish price action. My target would be $1.140 level, its first Resistance level for a potential gain of 22%.
Please note these are my own notes, by no means trading advice. Please...
One of my favorite ASX stocks, which had an extremely bullish run at the start of this year (2021).
Once an offer was made public buy ASX:TAH(Tabcorp) on 28/05/2021, stock prices plummeted.
It appears that we have found a bottom of that massive price decent, and are starting to look bullish again (higher highs and lower lows).
Could this run be as strong as...
On watch for a break and retest of 1.12. I believe its been hit hard from selling and SP is trying to change direction. As expected huge support at $1 so a stop at the 98c if you want to risk an entry here. Will eventually be a good buy again for a short term and long term trade. But recent discussions on this stock have made me second guess holding long term...
Hell of a sell off for BET, quite a suprise to be honest. Dont know how it will play out next week but given the volume i feel like its going to be a risky couple of weeks for short term traders here.
If i had to have an opinion on the news, i feel that a company of BET's market cap couldnt afford TAH.. but i like what Tripp is bringing to the table.
Definetly...
Although im no longer in bet long term, im suprised on how nice the bet chart has been this year, even during the sell off last week. Its been an easy short term trade with stops just under the trendline. I constantly thought through volume that bet was extended, but its just been a clean hold for whoever has been holding it.
I had a target of $1.50, and now that...
All an opinion here. Im fully out of BET, will look to re enter either with a matt tripp announcement or a hit of a buy order at 1.20. Still good for a long term hold if youre in it, quarterly and recent cap raise and partnerships means they are cashed up for a long time. Im just looking at the chart here and the stairway to heaven is looking top heavy and due for...
Another stock that I have recently seen some discussion on is ASX listed BetMakers Technology group.
Looking at the daily charts, it appears that BET has been printing new highs since Mid Feb, where it broke out of consolidation after crossing the 20 and 50 day MAs 9 and 8 Feb respectively, since then the stock a large break out following a gap up on 17 Feb...
Bullish on bet to get to $1.50 by end of May, will possibly play out according to the channel. A break above channel will see it move quite quickly to $1.40 i feel before pulling back to $1.20 and consolidating slowly moving up again. Personally, price action is feeling a little weak, so a pullback now to the $1.08 mark or consolidation here for a week will be...
Big buying volume first hour followed by selling with less then half the volume. Good signs for bet to probably end at or above 1.13 today. Big support at 1.05, entry here at $1.08 with a stop at 0.99c. I have a big target for bet, i dont want to jinx it due to large SP growth over the past year, but i believe it could be a $2 stock by end of year.
Bet closed green on a red friday, pretty happy with how its holding up. I feel on monday it will break up and test recent highs, before having a small pullback or consolidation for a week, before moving upwards again.
I have a $1.20 target by end of march, with a $1.50 target by end of June.
Stop loss at 80c and trailing stop loss at 20c from highs once it crosses $1.
Looking for a follow through tomorrow. Ive been a holdee of bet since before its first cap raise of 60c. I think 2021 will be a huge year for BET based off their recent news/US goals. They say follow the money, and i feel based off the chart, both weekly and daily, BET can get to $1.50 before any consolidation is needed.
Entry now would be 80c stop loss with a...
Betmakers Technology has broken to the next zone from 80-100. Great interest from buyers which outnumber sellers 3:1, this stock looks to be heading to $1 based on good upcoming news.
The ASX market appears to be heating up.
Following on my other thesis on ASX marketing such as ASX:APT , ASX:CCP and ASX:Z1P , the other pick which I expect to see a lot of actions is ASX:BET .
There are a few catalysts for BET during the few weeks:
1. It has just completed a round of SSP with over subscription hotcopper.com.au
2. Its price action has started...
Australian betting technology provider Betmakers is a few days away from its 2020 earnings announcement (27th August). Where is the market expecting the SP to go with Wednesdays announcement?
The last 2 weeks has shown the stock enter a significant compression phase with Bollinger Bands contracting inside the Keltner Channel in a TTM Squeeze formation.
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