Stop Loss

GetSwift Limited

December 10, 2020 - 11 months ago
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Action Buy
Term 60 Days
Called At $00.34
Target $00.50
Current Price N/A
Performance -5.00%

Technical outlook – Technically, things are slowly looking exciting for GetSwift Limited (GSW), as we believe this share is in a prime position to stage a bull-run (rally) as the base is slowly established from the $0.16-20, which emanates as far back as 2019.

From the recent troughs posted at $0.25, along with the bullish technical implications given by the weekly timeframe of the two popular indicators, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), it is assessed the bulls are likely to have the stamina to stage a rally back to the $0.45-55.

Company Overview – GetSwift Limited (GSW) deals in the development and commercialisation of logistics software, as well as communications infrastructure, products and services They provide a secure and straightforward cloud-based SaaS platform for delivery businesses to streamline operations, reduce essential costs and inform the end customer.

During the fiscal year, the Group grew its investments in technology, enterprise integrations and product development into new regions and markets around the globe.

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