Trade ideas
Good entry with amazing Risk / Reward Please expose wisely though and have a stop loss in place as if support is not held it will go to no man's land.
But I see here as a good risk / reward as it could bounce to 2p as first resistance. 2.32p next.
STARCOM - AIM SHARE - LITERALLY ABOUT TO POP Results due Thursday. TA is simple. Fundamentals are all in favour. Biggest risk is production issues, but cash flow should be sufficient. Expansion is on track, massively undervalued.
Price is coiled up and ready to pop IMO.
LONG from 200ma / 0.618 fibs - target 4.15p closing above 3.08p200ma always provides good support with other indicators then it becomes stronger.
it bounced previously off the 0.786 fibs and staying nicely above the 200ma for a while.
Starcom Plc - WATCHING CLOSELY - #STAR Closing above 3.06p target 4.87p
Struggling to close above the 61.8% fibs. and RSI showing some weakness so we might need to retest the lows before having enough strength to go above 61.8% fibs.
RNS today was a gold bull ticket but quite possibly not enough liquidity in the market at moment so bears took power over it.
Looking promising though for the future of Starcom Plc.
today's RNS:
AGM Statement
Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people, announces that Michael Rosenberg, Chairman of Starcom will provide the following trading update at today's AGM:
The directors of Starcom are pleased to report that, based on unaudited management accounts, revenues for the first quarter have exceeded the level predicted in the Chairman's statement accompanying the results for the year ended 31 December 2017.
Revenues for the period were approximately $1.5m compared to the predicted level of $1m. In the same period in 2017, revenues were approximately $765,000. While it is not the intention to publish regular quarterly statements, the board felt it was important to update shareholders on the high level of business generated in the first quarter of 2018 and also the positive sales enquiries we are receiving from our customers; all of which indicates that revenues for the full year will comfortably exceed those of last year.
As previously stated, it is expected that EBITDA for the year will turn positive.
We can additionally report that our new strategic customers, including CropX and WIMC, have indicated placing further orders this year, in line with our expectations.
On the technology side, the Company is planning to launch new, cheaper and more versatile versions of the Watchlock, under the Starcom brand, which we hope will stimulate market interest while providing higher margin sales.
-ends-
Entry at 2.4p - Big rise expected. Targets seen. 24month hold. STAR / Starcom. Profitable with £5mil TO and big order book. About to be recongised within the share price.
starcom STARim a holder here and have been for 2 months. because theres no timeframe on news i think it will move out of the blue to make new highs.
#STAR - Buy as a long as 2.5p area holds. Target 5.5p.#STAR - Buy as a long as 2.5p area holds. Target 5.5p.
Inverse Head and shoulders bottomInverse head and shoulders pattern needs a daily close above 3.725 to confirm
Pattern target is 6.625
Longer term fib target 10.10
