Small update of previous chart, more lines, quite similar somehow.
A previous gap has been revisited in // to Citron Research tweet post.
Fake breakout over the upper resistance line, it's now back in the big channel.
Yellow line around 1.2$ show another gap which could be visited again.
Disappointing financial results for the last Q.
However Q income appears to be stabilising at around 120M (from last Q).
Projected losses if I remember correctly should go down (from earnings call) slowly next Q's.
Eps is still neg.
Cash declining.
A few recent partnerships which won't reflect in the SP before a few months.
On paper, I believe the fair SP is around 0,7 or 0,8 $. In reality, maybe more.
The share price could retest the blue line at some point.
High insider compensation won't help the SP to increase.
In fact, the higher the compensation, the more the graph looks like an endless channel (There are also other factors to add to the equation)
I don't have access to short data and I believe it's irrelevant for this stock. Float is also quite massive (>500M shares).
Good luck. This stock is still a better option for trading than investing today.
Today, it might bounce from this small double bottom, or gap down in coming days. Also there is a small weekly RSI divergence.
GL !
A previous gap has been revisited in // to Citron Research tweet post.
Fake breakout over the upper resistance line, it's now back in the big channel.
Yellow line around 1.2$ show another gap which could be visited again.
Disappointing financial results for the last Q.
However Q income appears to be stabilising at around 120M (from last Q).
Projected losses if I remember correctly should go down (from earnings call) slowly next Q's.
Eps is still neg.
Cash declining.
A few recent partnerships which won't reflect in the SP before a few months.
On paper, I believe the fair SP is around 0,7 or 0,8 $. In reality, maybe more.
The share price could retest the blue line at some point.
High insider compensation won't help the SP to increase.
In fact, the higher the compensation, the more the graph looks like an endless channel (There are also other factors to add to the equation)
I don't have access to short data and I believe it's irrelevant for this stock. Float is also quite massive (>500M shares).
Good luck. This stock is still a better option for trading than investing today.
Today, it might bounce from this small double bottom, or gap down in coming days. Also there is a small weekly RSI divergence.
GL !