BTH.AU BIGTINCAN Trend Cloud Study.Bigtincan Price Target Cut 48% to A$0.38 a Share by Morgan Stanley.
This is a +100% Upside from the current Price!
When I saw this Guide I did some analysis and saw the massive downtrend and -70% from the EMA Death Cross.
They are clearly Burning Cash and not yet Profitable, but Claim AI in their Bio.
I might start nibbling on this one if I see a change in the Trend. I'll be Brave now and call this a possible Long. Will watch the IMACD and CCI for clues.
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BTH trade ideas
BTH.ASX_Range Breakout Trade_LongENTRY: 1.185
SL: 1.06
TP1: 1.275
TP2: 1.400
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Broke out down-trendline on 26 May 2021. Hence, change of trend.
- Broke out of first accumulation zone on 17 Jun 2021. Hence, added confirmation on change of trend.
- Breakout of second accumulation zone with good volume but not a good closing. Look like swinging up from bottom of channel.
- Watch or tighten SL in coming days.
inverse heads and sholdersBTH 1hr timeframe, inverse heads a sholders. Buy on the break of .88, stop @ .825, profit target. 945. R/R. 1:2.6
Buy signal.
Invs heads and shoulders
rising obv
moving above 50ma.
pros- high probability patterns, good fundamentals. Potential to be a long term hold. definded risk
Cons- inverse heads and sholders pattern is only on the 1hr timeframe vs on a daily pr wekly chart. Tech stocks have neen selling off with asx market decline.
$BTH - BIGTINCAN HOLDINGS - About to make a break for it$BTH - BIGTINCAN HOLDINGS - About to make a break for it
Might be worth a watch and a small play next week if it can break resistance. The other indicators look like it will push through. Not overly excited by the company or its financials. Purely a chart play.
Bigtincan Holdings Limited is an Australia-based company, which provides enterprise mobility software. The Company provides software solutions as a service (SaaS) to customers accessing the software as needed. Its application suite comprises Bigtincan Hub and Bigtincan Forms. Bigtincan Hub is an integrated single-platform for sales and service organizations. Bigtincan Hub is powered by a machine learning and artificial intelligence (AI) system. It works on IPhone operating system (iOS), Android, Windows, and Blackberry, as well as Windows desktop, Mac desktop and Apple WatchOS. Bigtincan Forms enables organizations to reduce or in some cases eliminate manual paper-based forms, automate data capture and implement process improvements without requiring an infrastructure platform or stand-alone forms application. It operates in United States of America (USA), Europe, the Middle East and Africa (EMEA) and Asia Pacific/Japan.