Topping up #AR9. Seems to be finding a base here.
Topping up here
TA,
- Trend line support
- 20EMA daily
- Ascending triangle
- RSI relatively oversold
- Short term resistance at 0.6 show by high volume. Good place to take some profits if you intend to.
Concerns,
- Recent earnings and 50% loss in operating revenue. However, the earnings reaction was neutral which shows strong hands holding this.
- If negative momentum continues, could see 0.35 in the short term. Should bounce there(first touch rejection 90% of the time)
FA,
Fundamentally, I am betting on the the team and the trust they've developed over the last 1.5 decades
It's quite obvious that the next decade will be dominated by data,cloud and IoT. Cyber security is the back bone for this next paradigm and it is highly unlikely governments will outsource data security to a non-Australian company. AR9 has built this trust over the last 1.5 decades. Trust is hard to replicate on balance sheets.
TA,
- Trend line support
- 20EMA daily
- Ascending triangle
- RSI relatively oversold
- Short term resistance at 0.6 show by high volume. Good place to take some profits if you intend to.
Concerns,
- Recent earnings and 50% loss in operating revenue. However, the earnings reaction was neutral which shows strong hands holding this.
- If negative momentum continues, could see 0.35 in the short term. Should bounce there(first touch rejection 90% of the time)
FA,
Fundamentally, I am betting on the the team and the trust they've developed over the last 1.5 decades
It's quite obvious that the next decade will be dominated by data,cloud and IoT. Cyber security is the back bone for this next paradigm and it is highly unlikely governments will outsource data security to a non-Australian company. AR9 has built this trust over the last 1.5 decades. Trust is hard to replicate on balance sheets.
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