I still don't see any buying opportunities in this stock because the price is still in a downtrend channel. In the most recent Q2 earnings report, we realised that this company is still making a loss in terms of net income. The good news is, they have won few projects which may be a good catalyst for an investor. As of now, if the price breaks above 0.125, Buyers may begin to anticipate pushing the price higher. However, You should be aware that there has been a lot of selling pressure in the past. So, I'd say there's a 50/50 chance of going long on this stock.
Kommentera:
As expected, price still move in bearish movement. There's no opportunity or sign yet to go long on this stock.
