I'm not much of a Technicals guy but the general momentum for EROAD hasn't been a positive one of late. Has been declining steadily since highs back in late July/early August.

Sentiment around this stock seems to have shifted which was amplified by their Q2 FY22 results - see a great overview from Strawman Emperor here.

Looks like there is a bit of resistance at around the $4.70-$4.80 level, however if that gets broken it may slip further back to 2020 levels.

Edit: Plenty of support now around $4.90.

Again, I'd like to stress, I am not a technical analysis guru (@carl capolingua), nor is this a buy, hold, sell recommendation. I'm just stating that at this stage it may take a bit of positive news for sentiment to turn around; namely traction or some wins in the US.

Happy to hear other's thoughts opinions or views on this.

Disc. Held in SM Portfolio, yet to get in IRL - will continue to watch closely.