With regard to TCPI, one can consider its price performance and market reaction that has taken place over the last 3 years ....
.... what we see are the formations of several Support/Resistance (S/R), Resistance (R) and Support (S) levels.
We had the initial S/R 1. Then there was a fall to S/R 2.
Then its price fell to between S 1 and R 1.
Then we saw a rise of TCPI's price to move between Support S 2 and Resistance R 1
It then broke through R 1 and has recently found Resistance, once again, at S/R 2.
It will be interesting to see if TCPI confidently breaks above ~$2, or either finds Support at R 1 or S 2.
-----------------------------------
Now, if we look at TCPI's latest set of Quarterlies we see the following financial facts ...
...Revenue fell, but has improved slightly in the last 3 months.
EBITDA has steadily declined. 12 Months ago the EBITDA/Revenue was 10/122.9 = 8.1%. it's now 2.2/111.2 = 2%, indicating that the related 'compulsory' costs of CoS and SG&A to top line Revenue have increased.
Interest Expense, related to Debt, has remained much the same.
BUT, Bottom Line is showing increased Losses.
Is that, maybe, why TCPI's price has bounced down off its S/R 2 level ? |
