TSXV:SOMA - Post Discussion
Post by
tobinator01 on Nov 05, 2023 10:50pm
Soma Gold Chart
Soma has formed a Bullish Flat Top Triange formation. The long term price objective of this pattern is $0.74 + $(0.74 - 22) = $1.26. It's very interesting to me that in my previous post that the 3X cash flow multiple places the stock at $1.32. You rarely see a long term chart pattern and fundamental analysis point to roughly the same price.
Soma is a thinly traded stock and it will take financial institutions to pile in to get it there. No matter what, closing over $0.75 will infact light up a strong buy signal. Whether or not anyone would buy because of it, I don't know but it it would shoot up in to the 80 cent range in short order will give us an answer.
Long Term Soma Chart
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