time for some technical analysis and some napkin m
Post# of 75360
(Total Views: 760)
Posted On: 08/21/2019 5:23:46 PM
time for some technical analysis and some napkin maths
https://www.tradingview.com/x/O3usoyuE/
first I want everyone to remember that this group knows more than anyone else on this company. We 'knew' about the content of this webcast (well, we had a good idea anyway) even before it was released and I want to give a special thank to jcr53 for being the first one to give us specifics and to recognize his contribution to the board.
now everyone must remember that this good news are NOT widespread (122 views at this moment...pretty much..well..our group right here). this means that even with such good news the price per share can still go down...this should be treated as a buying opportunity but ONLY if it is money you will not need in the short term future.
as for the technical analysis: 50 WMA (weighted moving average) for the last 50 WEEKS (that IS a long time!) is 0.1171$ we can reasonably assume that the bulk of the shares are owned around that 0.1171 mark. also the LOWEST PRICE EVER is 0.0445$, let say that last quarter sales have been 'priced in' at the lower possible price (0.0445$...it's not the case...but napkin maths and all that) and that next quarter we will be looking at 1.5M in sales (and the sky is the limit from there... as those sales will increase every month) that is a 1.5M/36k= 41X increase. so if we do 0.0445*41= $1.82 short term target within the next few months. At that price, all those who would have wanted to sell would have and we would be in a situation of a blue sky breakout...with a low float and increased sells... who know how the price will range with such a low float
https://www.tradingview.com/x/O3usoyuE/
first I want everyone to remember that this group knows more than anyone else on this company. We 'knew' about the content of this webcast (well, we had a good idea anyway) even before it was released and I want to give a special thank to jcr53 for being the first one to give us specifics and to recognize his contribution to the board.
now everyone must remember that this good news are NOT widespread (122 views at this moment...pretty much..well..our group right here). this means that even with such good news the price per share can still go down...this should be treated as a buying opportunity but ONLY if it is money you will not need in the short term future.
as for the technical analysis: 50 WMA (weighted moving average) for the last 50 WEEKS (that IS a long time!) is 0.1171$ we can reasonably assume that the bulk of the shares are owned around that 0.1171 mark. also the LOWEST PRICE EVER is 0.0445$, let say that last quarter sales have been 'priced in' at the lower possible price (0.0445$...it's not the case...but napkin maths and all that) and that next quarter we will be looking at 1.5M in sales (and the sky is the limit from there... as those sales will increase every month) that is a 1.5M/36k= 41X increase. so if we do 0.0445*41= $1.82 short term target within the next few months. At that price, all those who would have wanted to sell would have and we would be in a situation of a blue sky breakout...with a low float and increased sells... who know how the price will range with such a low float
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