CMC markets hit a 3-year low of 100GBX after news of lower revenue expectations but found huge support at the level with an immediate jump of 16% in 2 trading days. Fundamentally, CMC is trading at around 1X revenue. Given that CMC is a global, established, and profitable company, with consistent growth in its customer base. I think that the 100 GBX price was a...
reclaim 180 and break downtrend
not trading this having a look since they partnered with StrikeX with a 33% stake
current market cap is 500 million down a fair bit
rsi is unsure of which direction to take imo we go up
lets see how it plays out .
no clue about the FA except the fact they are headed in the right direction with above partnership .
Share buyback program , good Fiscal Q3. . . .that alone is not enough to buy, but when combined with good technicals we have a trade. Target is 340 zone
See above what I believe to be a raising accumulation range in C M C Markets.
Clear buying climax volume signature shows market acceptance for price in this Trading range.
In phase C we see a large increase in supply. This can be considered an attempt by the CO to bring price back to down to the 90 mark. Clearly this failed as we continued to witness higher...
The company's strategy is reflecting well in its improved revenues and profitability - and for the moment it seems to be holding above the channel, but always possible we may see some profit taking as a result of continuing concerns about regulation of the industry.
