ashainp

Topping up #AR9. Seems to be finding a base here.

Long
ASX:AR9   ARCHTIS LIMITED
Topping up here

TA,
- Trend line support
- 20EMA daily
- Ascending triangle
- RSI relatively oversold
- Short term resistance at 0.6 show by high volume . Good place to take some profits if you intend to.

Concerns,
- Recent earnings and 50% loss in operating revenue. However, the earnings reaction was neutral which shows strong hands holding this.
- If negative momentum continues, could see 0.35 in the short term. Should bounce there(first touch rejection 90% of the time)

FA,
Fundamentally, I am betting on the the team and the trust they've developed over the last 1.5 decades
It's quite obvious that the next decade will be dominated by data,cloud and IoT . Cyber security is the back bone for this next paradigm and it is highly unlikely governments will outsource data security to a non-Australian company. AR9 has built this trust over the last 1.5 decades. Trust is hard to replicate on balance sheets.


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