yeah i saw that, was thinking 1-1.10 range for another entry, thanks for the heads up
tae9141
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@thewrongdip, do you think the price will keep going up and higher after ER or stagnate? weekly chart MACD shows overbought. waiting your reply
thewrongdip
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It depends what their plan is to continue growth. If they keep business as usual then it lead them to being worth pennies before covid so I’d lose interest. Checked news about the company and it said the company wont be needed after a covid vaccine. I’m gunna try to take profits when i can and move on. Not so much long term plays here
tae9141
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@thewrongdip vaccine stuff is on a long term bases correct? for now, businesses need cameras for sure and this can lead to rise price?
thewrongdip
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because covid is new it really depends on your outlook, if there is a vaccine will it be wiped out of exisistence which will bring everything back to normal or will covid become different each year. I'd like to see news about them merging or being acquired by a larger company. They're a one trick pony for me right now with a bad balance sheet in terms of assets and liabilities.
tae9141
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@thewrongdip, do you think it will retrace to around $1 mark ?
thewrongdip
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it's possible and if they do, I'll be looking for any kind of reversal signal, 1$ would be to low for the market conditions
tae9141
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have a look at weekly chart MACD. it is overbought. Still has potential to go down $1.0