(GTK)Safe entry point to trade breakoutCame out of NZ, software business that takes care of revenue collection for utility co. Software collects and calculates bills - single most important software in those businesses. Smaller version of Hansen. In Intelligent Investor portfolio. Key UK market, no fault of their own - deregulation of utilities in UK caused a lot of them to collapse - share price tanked. Small exposure to airports - best turn around software play.
• Gaining momentum after a big rounding base patten.
• Filling up gaps from 2020 big drop.
• Turnaround play
In a low vol profile zone and looking to close big gap downs from Jan 2020.
ATR 1 has been spiking on the recent big move up at end of Nov-22, has been on an uptrend since.
Looking for a pullback to the most recent resistance area to provide support.
