Ever since that oversubscribed bough deal the momentum had to take a paus, but I believe this creates a great opportunity to get in on FANS. There was an oversuscribed bought deal at 0.9 and we have been going sideways on that area ever since.
Short term people will take this as a negative ,but thinking long term this allows this company to aggressively expand internationally to grab more market shares.
Currently we're sitting on the 55 ema for the 195m ( half day) and fundamentally speaking I believe this is a fair price relative to the recent bought deal and the potential this company has to grab marketshare.
RSI is currently showing abit of bullish divergence , but that may be too agrresive of an entrance for some, so a macd cross with the rejection of the zero line.
in a smaller tf like the 65 we can see the downward trendline has been broken, but this does not necessarily mean its time to enter, ,but a retest of the trendline or a strong close above the 21 ema would be a good time to enter imo.
Short term people will take this as a negative ,but thinking long term this allows this company to aggressively expand internationally to grab more market shares.
RSI is currently showing abit of bullish divergence , but that may be too agrresive of an entrance for some, so a macd cross with the rejection of the zero line.