Wynyard Group capital raising?

**BlackPeter** · 20-01-2015, 04:31 PM

todays article in NBR:
http://www.nbr.co.nz/article/us-iden...20Heads%2520Up

it lists the Marion county contract (which seems to be bigger ... lots of other law enforcement agencies including FBI involved) and the 3.2 Million Dollar deal with an unidentified "National Security Bureau" separately. So I guess if they know more than we do, it appears these are separate contracts.

**Baa_Baa** · 21-01-2015, 09:04 PM

WYN broke-up out of a descending wedge formation yesterday and followed through today to close at $2.14, being the resistance intraday high back at Nov 13th.

Next resistance is $2.19 from the intraday high of Oct 9th, then $2.24 Aug 21st ... which would break the range trading of the past 6 months or so.

Money flow is nicely positive as well. This bodes well for tests of those older resistance points. It also puts aside (hopefully permanently) the indecision indicated by the double bottom around $1.88 Aug 14th & $1.90 Dec 30th.

Perhaps people are realising this company has an excellent proven solution, a growing customer base & incomes, in a growing market.

**BFG** · 21-01-2015, 09:09 PM

Originally Posted by Baa_Baa

WYN broke-up out of a descending wedge formation yesterday and followed through today to close at $2.14, being the resistance intraday high back at Nov 13th.

Next resistance is $2.19 from the intraday high of Oct 9th, then $2.24 Aug 21st ... which would break the range trading of the past 6 months or so.

Money flow is nicely positive as well. This bodes well for tests of those older resistance points. It also puts aside (hopefully permanently) the indecision indicated by the double bottom around $1.88 Aug 14th & $1.90 Dec 30th.

Perhaps people are realising this company has an excellent proven solution, a growing customer base & incomes, in a growing market.

Bollie band climb up ahead? Needs more volume imho.

**Baa_Baa** · 21-01-2015, 10:10 PM

Originally Posted by BFG

Bollie band climb up ahead? Needs more volume imho.

Perhaps, personally I don't use Bollinger Bands except for options, exits and entry, assuming one has a clear trading strategy and sticks to it. They are helpful for extended price scenarios ... way over-bought/sold so they activate very late in a price move and need to be acted on immediately, hence better for really volatile instruments. Share prices move much more slowly, especially NZX shares which are basically illiquid compared to global stocks, so some simple support/resistance and trendlines, with basic MA's of ones choice work better here imho.

I agree though, that WYN suffers a lack of volume, like a lot of NZX shares. I'm confident though that the company has a great product in a (sadly) growing market, so it's only a matter of time before people realise this.