Will it be festive cheer for this fintech firm?
Independent analyst Alistair Strang thinks that good things could be ahead for this small-cap share.
12th December 2024 09:11
by Alistair Strang from Trends and Targets
We reviewed financial technology company GSTechnologies Ltd (LSE:GST) earlier this year, giving a trigger level which would hopefully indicate good things in the days ahead.
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It has finally achieved our trigger level, suggesting that good things are indeed ahead for this share price. The situation now suggests movement above just 1.6p should trigger gains to an initial 1.91.
Should this level be exceeded, our longer-term secondary works out at a fairly confident-looking 2.3p sometime in the viable future. This, while expected to provoke some hesitation, also puts the share price in a zone where a long-term 2.9p ambition calculates as apparently viable.
If things intend to go wrong, below 1.2p looks troubling, triggering the potential for a big-picture reversal down to an eventual 0.6p.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.Â
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