Is COMS about to come good?

Friday, 23rd May 2014 14:14 - by Osakisushi

Thankfully I’ve a choice about company’s who’re analysed for this section. A few folk had emailed asking my take on MotiveTV and when I ran the numbers, the answer was refreshingly clear. Duck the issue! I’ve absolutely no idea what the future holds for LSE:MTV as price movements are completely irrational. You’re on your own there…

However, it seems LSE:COMS is also popular currently and this one, thankfully, makes some sense.

To view the gloomy side of life, unless the share price manages to CLOSE above BLUE sometime soon, it can be regarded as heading to 4.6p next with secondary, if broken, at 3.15p. And that ends the misery section!

On the positive side of life, RED seems to be quite important to the share price and perhaps is signalling my bottoming targets are out of the question. In the last week, the share’s mid-price reached 5.65p but carefully respected the RED line, so perhaps the market is about to attach some value to the share. I’d only be utterly convinced if one of two criteria were met.

Either, intraday movements above 6.65p or CLOSURE above 6.35 would signal a coming breakout movement to an initial 7.45p with secondary – if bested - at a longer term 9.4p.

Perhaps worth watching in days ahead. Good luck here.

The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.