Quick question Gotta as a bit of a chart man, I see resistance from previous two moves up at 10c but don't see any after that until 20c, that seem about right in your TA opinion?
I'm not a great TA man but that would be my take as I already see the downtrend having been broken with us sitting above the recent range.
Fundamentally I think we are about to have the first decent set of numbers for a long time, particular with little snippets like this from the link shared above which has jogged my memory as to why I remain bullish:
"The 26% growth in international sales sets the scene for a strong year of sales for the company with orders for another 2,460 units in hand at the end of March."
"Firm commitments were received for RMB50 million, or about $10.5 million, within the first week of launch and the pre-release was open for a month."
"Vmoto and Super Soco have also agreed to cooperate on R&D to improve and develop more electric two-wheel vehicle models for international markets. Working together in the shared manufacturing facilities will produce benefits of scale for both organisations."
Should be a good amount of vehicles flowing through the production line, if we can snag 15% of the of the margin through the chain with Super Soco we are talking at least a few $million as well as lowering the per unit manufacturing cost for our own products, seeing as orders for 2,460 units were already in hand end of March you would be pretty sure we will have at LEAST 20% growth Q on Q compared to 2,114 previous Q.
30+% may even be achievable
With a good set of numbers I don't see 20c as unrealistic at all in the short term.
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Quick question Gotta as a bit of a chart man, I see resistance...
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