iam802 wrote:I am not strong with fundamental analysis here.
So, your question too tough for me to answer.
I am using TA on Marco Polo. The financial ratios are just there for me to glance through and know that it has some growth.
It has form what seems like a strong base at around $0.39.
Haha, I see, no problem with that
In my opinion, the history is a little to short to determine much. Weekly looks a little toppish though. The chart isn't that nice, if you ask me, as there is potential to go lower. If I'm trading this, I'll get in at support of 0.365 (also coincides with the lower boundary of the bollinger band). Then again, volume is too low to say if the support is even valid. This is evidenced when there is no apparent resistance to the movement as the price breaks through 0.365 around end of march/beginning of April.
So maybe it's range trading between 0.415 to 0.385 (forming a base), before going down or going up. The direction after the base is formed is not determined as yet, though I think it has a downside bias.
Either way, I wish you good luck and may the winds favour your sails