Sep. 10 at 2:55 PM
$CTM is at a good entry or build zone. Under
$0.6 is more aggressive, but
$0.6-0.61 is good. It makes a good setup for both swing traders and long holders, since it is reasonable to bet that it will trade >
$0.75 by end of the year, probably much sooner. Of course, most investors are hoping for <
$1. I think this is also a likely price target. However, my main concern is what happened last time. People used that opportunity to get out of the trade, and the market cap collapsed quickly. In terms of sentiment, CTM is in the mixed, uncertain zone at the moment, likely starting an accumulation zone between 0.59-0.69 (with realistic chance of quick dips to
$0.55) until the next big move that everyone is ultimately expecting. Personally, I am giving
$CTM a chance to prove themselves until Q4 results. Need that revenue and those contracts.
