$JSEBTI - BATS: Will New Categories Usher In A Change In Trend?
See link below for previous analysis.
BATS released its FY'23 results and the market seems to like it.
The main take-away for me is that the New Categories achieved profitability two years ahead of the target.
That being said, margins are still very tight.
The technical picture has not changed much as the stock is still trading downwards in a slight wedging pattern.
Price is now meeting strong resistance and needs to breakout on generally large volume to give me some conviction that a new trend is underway.
I am neutral at this point and will allow the market time to digest these final results.
BATS released its FY'23 results and the market seems to like it.
The main take-away for me is that the New Categories achieved profitability two years ahead of the target.
That being said, margins are still very tight.
The technical picture has not changed much as the stock is still trading downwards in a slight wedging pattern.
Price is now meeting strong resistance and needs to breakout on generally large volume to give me some conviction that a new trend is underway.
I am neutral at this point and will allow the market time to digest these final results.
