RE: Rising9 Nov 2021 15:59
Still following the Chanel up. We’ll know soon enough whether it breaks to the upside. I’m expecting a sharp rise soon. 200,100,50 day moving average pointing to the upside breakout. I feel we need a catalyst with a positive update. This is 1billion turnover company with an EBITDA 9.5m. Amazingly we are at these prices. Company able to pass increase in labour costs onto the clients as demand for labour increases. Any update will be rewarded once peoples confidence is reassured. New management with solid track record and proved there worth with recent results. Sellers will be clambering to get back in soon enough. Good luck and happy investing.