SenesTech, Inc.Long
Oh RATS!! 🐀
Well mice actually... 🐁
There is mouse plague going on in parts of Australia right now, and I suspect we may find the Australian Government turning to pest control companies to help get things under control. Fundamental news like this can drive prices abruptly on announcements of partnerships, larger orders, etc. I went long today on the company, SNES.
I made my decision of the Weekly chart.
What I'm seeing that I like.
Location, it is at the very bottom of its range.
There is evidence it has found a bottom by strong support over months, almost a year.
Price just accepted back in to value in the VP, and I wouldn't be surprised if we see a return to $2.50 if not higher (contrarily, the bottom could fall out and it goes to 0).
There are converging moving averages.
OBV looks great!
Huge spike of green buy volume within the last two months.
MACD is positive, and there is a bullish divergence.
It appears to be coming out of oversold.
I entered at $1.68, and because it is just a nibble (pun intended), I'm risking my position to 0. I will self half my position if and when it doubles at $3.36, and let the rest run.
Fundamentally:
Low outstanding shares 12.16M
No debt
Some Insider Own
355.22% Institutional Trans
finviz.com/quote.ashx?t=SNES
You can read more about the company on their home page here:
senestech.com/our-purpose/
SNES
There is mouse plague going on in parts of Australia right now, and I suspect we may find the Australian Government turning to pest control companies to help get things under control. Fundamental news like this can drive prices abruptly on announcements of partnerships, larger orders, etc. I went long today on the company, SNES.
I made my decision of the Weekly chart.
What I'm seeing that I like.
Location, it is at the very bottom of its range.
There is evidence it has found a bottom by strong support over months, almost a year.
Price just accepted back in to value in the VP, and I wouldn't be surprised if we see a return to $2.50 if not higher (contrarily, the bottom could fall out and it goes to 0).
There are converging moving averages.
OBV looks great!
Huge spike of green buy volume within the last two months.
MACD is positive, and there is a bullish divergence.
It appears to be coming out of oversold.
I entered at $1.68, and because it is just a nibble (pun intended), I'm risking my position to 0. I will self half my position if and when it doubles at $3.36, and let the rest run.
Fundamentally:
Low outstanding shares 12.16M
No debt
Some Insider Own
355.22% Institutional Trans
finviz.com/quote.ashx?t=SNES
You can read more about the company on their home page here:
senestech.com/our-purpose/
SNES
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