We got a nice bounce off the 0.61 support level to close the week up 14% with above normal volume and strong buying throughout the week.
From the weekly candles, its 2 consecutive weeks in the green, which is indicative of a trend reversal. Technical indicators are also pointing to a trend reversal in effect. 0.43 close week 1, 0.57 close week 2, 0.65 close week 3 all with strong accumulation and buying throughout.
I bought more shares 0.40s, 0.50s and hanging tight. Will be buying more as you can expect based on the latest press release, things are progressing well behind the scenes and with lots more material developments to be announced that'll grow top line and add to bottom line, I don't want to miss out on this opportunity before the market plays "catch up."
As the Peeks product is growing and gaining market awareness both on the stock front and product front, this is truly a great opportunity for investors to get in CHEAP and hold for the long term to reap in benefits.
Near term we can see this drive to a 1.20 mark in a matter of a week or two depending on material info being released (brands, ad campaigns, product enhancements, etc.), financials, positive KPI metrics and Investor Relations activity.
As Peeks continues to grow, marketing initiatives expand, features are released, and a large active user base is developed, there is a strong possibility that this can be a multi-billion dollar company in the longer term. Especially with the Multiples social companies receive.
Live streaming is the fastest growing space in social media and video consumption is to grow substantially over the next few years. Add in the monetization strategy which Peeks employs through commerce, ad share, tip jar, e-wallet, offer box (selling of digital and physical goods), brand partnerships and influencer partnerships, PEEK has a great possibility to be a true winner and a Great Canadian Story.