Global Voice (H23) - Still vocal on Global Voice?

11 days ago, I have mentioned on this stock and advised not to punt but buy for growth. This is a junction where the ability to control the emotion will be the greatest asset to have. Let’s not be blinded by the recent bearish sentiment of the market and take an objective look at the current situation.
Before that, let me elaborate on it fundamentally. This stock has always been a punter’s paradise, but institutional buyers never like its business model. And the company’s balance sheet has been –ve. But according to Kim Eng, there is great potential ahead. So the purchase is for “growth” in future, not immediate. As I have mentioned in my shout box to a reader: “if you lose patience, you’ll lose money”.
That being said, now we can analyze the probability. From the chart, we can see that, the immediate support of 0.16 has been (or near) tested for more than 10 times. It’s a very strong support, unlikely to be breached easily. OBV has just touches its own trend line but not broken yet. CCI at -94 denotes a much oversold state. Volume low with accompanying low price does not look threatening to me. This is the ideal situation where the Big Boy will gain money by inducing fear to retailer investors. So called shaking off the weak hands and buy it cheap. Nicely put, they cleverly buy on support and make money selling on resistance.
Of course, if the immediate support is breached the next support is 0.12; synced with the reversed amplitude agaisnt the peak of the single top. The choice is also yours!
The Edge (Feb20-26) on Global Voice