Q: Greetings, would like your latest thinking on Vitalhub. I know you still like it. I know very little about technical analysis, but the chart lately looks a little different than past “dips”. In the past after a pullback it seemed to fairly quickly regain its upward momentum. Right now it seems to have stalled a bit and even make lower lows. I would like to think that maybe people are just taking some gains in the new tax year, but the valuation is making me a bit nervous if growth is slowing. Thanks for your insight.
5i Research Answer:
We would not be that concerned. The stock is still less than $1 from its all-time high, and whenever a stock sees big gains it can struggle at the turn of the year as investors sell and defer taxes a year. The company also did a big issue in December which likely sopped up some short term demand for the stock.