The Loop Insight stock has been building a bull flag for the last five months within the yearly trend channel, and within the end of next week it seems the stock has to decide whether it intends to stay inside the long-term trend channel or dive outside it.
If it reacts downwards, it may go down to test the support at 1,30-1,35.
However, I think (and hope, since...
Divio Tech is a small-cap swedish company that seems legit. For further information please see their webpage where the business case - or rather the technology they provide - is laid out in a short, sweet and illustrative way.
www.divio.com
But in short:
The company has a ready product, is currently working on growing the client base, but has already a bunch...
After a successful breakout and yesterday`s backtest of the longterm trendline, it seems Loop Insight is poised for a healthy run. Approx target CAD 3,60.
Short-term the daily bullish harami cross also indicates Loop Insight is about to go higher.
Fingers crossed.
