I'm not a technicals person. Pulled the chart up and threw a regressession trend over the ASX200 since the bottom of COVID selloff. The trend was broken nearly this exact time last year, and was followed by dip buying. Happened again (though not on RSI oversold) in late October.
I believe there is a running theory around option expiry causing dips, but also...
I am a fundamentals based investor and this company is accellerating ROIC and ROE at an incredible rate. A microcap software company trading less than 2x EV/Rev. Founders hold majority of the business. While its gross margins are lower (currently 30%) than most software co's, earnings are growing and I suspect margin health will improve over the coming years. The...
