Emvision was out of the gates with an incredibly tight capital structure.
Mkt cap $22.45M
Ordinary fully paid shares
Options exercisable at $0.35 each
expiring on 31 Dec 2021
$emv showed strength from day naught, and proceeded to demonstrate significant demand for the miniscule free float. A brief forced pull...
With a Market Cap of ~$12 million and cash in hand of $5.3 million, and prospective multi-billion dollar customers trialling their product, this spec is highly undervalued.
Falling wedge pattern with next to no volume exchanging hands below 11c. Safe entry here IMO.
With another major government contract under their belt in the last month along side the MKM acquisition and continuing ALC fundamental growth, the chart's technical's are starting to really line up.
Major resistance points at 7.4c 9.3 and 10.5. Flag with a price target of 8.2c will need sustained volume to clear overhanging stock in the mid 7's.
After a short period of consolidation and over reaction to global economic conditions we are seeing the supply thin as intso's soak retail exits. Could get interesting quickly given DRG's current road show and potential for near term news flow.
Watching for the break. Fundamentals on this stock already are stellar, Cash Flow Positive and significant news is near term.
Very over sold and capitulation sells last few sessions have been purely retail (Entire broker report from previous week shows only retail selling)
There is a couple (few?) accumulators soaking up shares over the last 7 sessions. Macquarie Securities Australia Limited absorbed 1,296,014 shares ($810k) in 5 days.
It's clear to me that supply will be drying up soon and a rather large correction will be under way.
Hazer has seen a string of good announcements and is technically setting up well for another solid run.
Golden cross almost taking place on the EMA 200 EMA 50
Williams R% showing oversold
Fib retrace bounced off 50%