Chi-x closed at .120c, could very well see the ASX open at the...

Chi-x closed at .120c, could very well see the ASX open at the same price.

Today I would expect the same kind of movement (rinse, soak and repeat). They sell down, cause you to sell, accumulate and then sit back and watch it go up. Exactly like yesterday. Hold onto them. I also would not be surprised to see a deal signed or some sort of juicy Ann onto of the update we received only a few days ago considering the rapid scaling growth of hosting points. Also something I really like is how active Pointerra is on Twitter consistently keeping everyone up to date and sharing where the company is going. Every time I see someone ask a question, Pointerra responds. Fantastic.

Chart wise...

After being accumulated for so long, we saw a clean break on volume to start our ascending triangle, we backtested after closing at .115 and testing new highs intraday. The ascending triangle is now coming to a squeeze point in which will demonstrate which way the great 3DP wants to travel. My thoughts are that it wants higher based of trading strategies seen the past few trading sessions. Rinsed, soaked and repeated making sure they get their fill at a lower price. The good part is we still have room to consolidate or even drop and still be within the ascending triangle.

  

Theoretically, if we see a break and close above .115, we are set to have a continued run north to test .130 and beyond. Take this chart as an example...




This method would then theoretically calculate to a price target of around .180c per share if a break is achieved and we hold close. Now the market doesn't always react the way I want it to and I have just put all my thoughts on the table for you guys to read.

Vice versa, if we cannot see a clean break, there is a good chance we will retreat back to previous support around the .90 mark.

I am here and will be staying here for the ride.
- Great management
- Fantastic Tech
- Fundamentals
- Scaling Globally
- Increasing data hosting points every week (greater revenue)


Fantastic day in Melbourne today! Get out in the sun.