Selfwealth Long Term Long2 Scenario's I'm keeping eyes on for long on SWF based on continued growth, #4 in Ausy trading market, awareness in investing and low brokerage growing more and more.
We're either gonna see buyers rushing in on FOMO, or some more cautious consolidation before the progressive fomo setting in.
3rd scenario keeping an open mind to is continued contraction down to the 78% Fib retrace but I see this moderately unlikely as the market seems to be slowly picking up some confidence again in this sort of sector. and based on market cap I just don't see it dropping below 60M - With this I'll just be scaling in on trades if it does though ie: Bought in at 37c, buy in again at around 32c and go in big at the 26c mark
For me this is a long term investing opportunity as i see it highly unlikely that a new player like this with community trading features, low brokerage, US trading etc won't see significant growth in the next 5 years.
Low shares outstanding also leaves plenty of room to grow on price (Same as REA, APX, APT etc)
