Still bullish on CNTM, haven't sold anything yet ^^
$ConnectM Technology Solutions (CNTM.US)$ Still a lot of volume today, especially Off-Exchange, for the 3rd consecutive session. Borrow Fee (cost-to-borrow) increased to 22.98%, which is a good sign when increasing, surpassing that day of August 12th which had more than 87% gains, with a 19,31% CTB. Some will say that there are negative divergences with the RSI & MACD in the 1H chart, but I tell them that the RSI is only at 32 in daily chart, that there is still room for the stock price to go up and make "higher highs". In addition, I found 2 insiders (their CEO and their Vice-Chairman) who own more than 22.56% of ALL the shares of the company. Their last acquisition seems to be on July 11th, which the AVG price was $7.02 on that day. Today the stock price ended at $1.80, it would have to go up about 400% for them to breakhaven.... So I'm still bullish and I haven't sold anything yet !
By the way, I do trades of this type (swing trade, small cap, penny stocks, volatile ones...) less and less often. I try to concentrate on my longer-term investments instead!
![Still bullish on CNTM, haven't sold anything yet ^^](https://ussnsimg.moomoo.com/sns_client_feed/73762176/20240815/1723689678969-random3974-73762176-android-org.jpeg/big?area=103&is_public=true)
![Still bullish on CNTM, haven't sold anything yet ^^](https://ussnsimg.moomoo.com/sns_client_feed/73762176/20240815/1723688693427-random7561-73762176-android-org.jpeg/big?area=103&is_public=true)
![Still bullish on CNTM, haven't sold anything yet ^^](https://ussnsimg.moomoo.com/sns_client_feed/73762176/20240815/1723689681003-random3319-73762176-android-org.jpeg/big?area=103&is_public=true)
![Still bullish on CNTM, haven't sold anything yet ^^](https://ussnsimg.moomoo.com/sns_client_feed/73762176/20240815/1723688695684-random1430-73762176-android-org.jpeg/big?area=103&is_public=true)
![Still bullish on CNTM, haven't sold anything yet ^^](https://ussnsimg.moomoo.com/sns_client_feed/73762176/20240815/1723688696303-random5157-73762176-android-org.jpeg/big?area=103&is_public=true)
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