Just HOLD and WAIT.
Pre-profit companies are often risky, but they can also offer great rewards.
In the last year, Green Packet Berhad wasn't profitable at an EBIT level but managed to grow its revenue by 30%, to RM655m.
With any luck, the company will be able to grow its way to profitability.
GPACKET
Rst: 0.80
Spp: MA200
Selling has done significantly, and the odd of losing is long at current point/ MA200 & MA50. If you’re riding this, you cannot expect the stock to recover back to its peak on last month, it’s only good for see money take money trade.
GPACKET
Rst: 1.03
Spp: 0.96/ 0.90
Arrived Fibo Ext 100% but I believe the stock is just half way on its bullish trajectory. Widening of BB and rounding bottom breakout will continue to charge the stock further
GPACKET - Momentum remains bullish but it may have reached strong hurdle at 0.76 (this level coincides with Fibonacci Retracement - 150%). And beware RSI has early bearish divergence signal. Immediate support level at 0.73
