Bullish Descending Triangle with Positive Divergences. Buying opportunity ^^
$Solowin (SWIN.US)$ There is a 2nd Bullish Descending Triangle double bottom forming, with subtle positive divergences; the 1st one ended unexpectedly in a breakdown last week. We can see that in the 1D chart, the 9EMA acts as resistance and there is a strong positive divergence with the MACD and the KDJ. All Time Low is $1.84.
I know recents earnings have not been the best, but the recent PE drop in negative digits but the PB and PS ratio remain positive, suggests they will do better next time. They have no choice! But the recent insider selling intention worries me, especially since this is a company heavily owned by insiders (75%)...
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louis sss : Yes, if they transfer some of their shares and attract more outstanding people or institutions to join, it will be a good practice for the company's development and stock price.
whistleButter : how about now？
Sam Atalis : What are you thinking here? I'm heavily invested in Solowin, and still am super bullish about the Company.
Kevin Matte OP Sam Atalis : still holding SWIN, HOLO and BBAI ^^
Sam Atalis Kevin Matte OP : High risk, but very high reward plays. Love it.
louis sss Sam Atalis : I like him too, but I decided to leave for a while, even though it was a pity, because please take a look at his recent earnings per share, - 466%. I'm really sorry for investors like us.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")