UDMY turning profitable and in deep value territory

UDMY stock has been left for dead. It's formed a massive falling wedge on the monthly chart and until late has done so with improving momentum.

While not strictly aligned to disciplined charting techniques I view the recent meltdown in momentum as capitulation and a good time to start a small position.

Looking at the annual and quarterly profit figures we can see the company has been bleeding cash for years, but in recent quarters is starting to make a small profit.

It's a speculative buy, so keep the position sizing small, but I think there's room to double or even triple with sufficient time.