Chart Update 20th Aug 24

I think we are going to see a drop soon down to between 0.44 - 0.50. While they had some good news recently, it will still take some time before it turns into contracts. They should be releasing their books full year soon and I feel the news of Alcidion being HNS prefered software has already been priced in.

Bull case? Well its playing exactly how it should be so far. Im in the whole on this one from way back. To be honest Im pretty disappointed on this stock. So if Im to start working it again it will just be a token stake at the moment. I just dont trust it. Anyway heres the chart.

Chart Update Wed 17th July

Chart Update Mon 1st July

Another words, I dont know. News seems ok however I need to see the market jump on board before I add to my devalued share holding. My Av. holding is way above here as I enetered this stock green (not with envy either) and plan on digging myself out of the hole this position is in. Over all I think the company has a future or a take over (not so good).

Note wave 4 down. It went way lower than my rules allow. This next wave could technically be a wave 5 to finish off however Im also in favour of it starting a wave 1 again after the 5 waves down it just took for my so called w4. This is why I dont enter anything until I see the larger waves 1/2 and how they play out. I usually say "take this with a grain of salt" however this time I'll give it a "bucket of salt".

Bull Case? We'll see.