RE: Serious Question23 Aug 2019 19:51
I have thought about this myself, there`s probably a combination of reasons why price hasn`t jumped after the recent news.
One which may be on the minds of potential new investors that are reasonably familiar with the story is that they may perceive that the current situation is now priced in. and that the strong rise this year was a bit overpriced previously.
Others may be delaying buying until the market returns to normal after the summer holidays, which is renowned for lower volumes and larger volatility...but I think they`re missing a trick if they don`t hurry up and get in while the Sun is still strong.
The chart has been showing very strong signs of buying beating selling, the buying pressure is winning. A breakout is definitely on the cards.
Here`s the 2 hour chart which clearly shows support rising in the `flag`, nice flagpole bottom at 25p (which was gratefully accepted)...luckily...and with the subsequent rise and creation of the flag pattern, with a flat top resistance at about 33.5p - 34p, traders and savvy investors will be aware that the completion of the flag pattern showing potential for a short term rise to 41p (the height of the pole transferred to the move above the breakout level).
https://www.tradingview.com/x/bwtE8snG/
There are still some sellers at 33p+, but once they dry up the MM`s will be forced to let price go up to the next level, first 36p resistance, but if some more news flow drops in next week, or the week after, and the one after that, or all three, then well in to Sept, the price could develop in to a moving supertanker with higher momentum attracting more attention and thus getting some wide stream publicity. A nice article in one of the financial pages over the bank holiday w/e would bring the story to the masses, sooner or later a financial writer will tap on to the Bidstack story and let the cat out of the bag.
And that brings it to another reason why the price hasn`t taken off with the recent `big` news flow, it`s because only a relatively small % of stock market participants are aware of Bidstack....yet!
A very high % of participants on this discussion forum have all said the same things...best company I`ve seen in a long time, brilliant CEO, highest % of my portfolio, gigantic potential in a vast market, first mover advantage, excellent team...expertly put together by James Draper......so why wouldn`t new investors be eager to buy in if after doing their research if they also came to the same conclusions?
Sentiment surrounding Bidstack is growing more optimism day by day. James is keeping his word about the news flow in Q3, so his prediction of `take off` in Q4 would be disastrous for the company if it didn`t happen, and would undermine James` credibility.... which judging by his enthusiastic optimism, his exuberant delightful belief in how the team are able to navigate carefully through to being a mammoth of the gaming world of advertising..it`ll never happen!
This Is Just T