- The remarkable trade volume growth for EQONEX has seen May Trade Volumes itself completely overtake Trade Volumes for the LTM ending March 31st.
- Conservatively, at this pace, the firm can easily post a Monthly Run Rate near US$21.6 BN ending FY22. At the aggressive end, Monthly Run Rates may hit US$35.5 BN.
- We anticipate forward guidance to be revised upwards and 1H22 earnings to really be an inflection point for the company to the upside, not particularly FY21 results.
- A catalyst for volume to pick up is needed, and whenever that comes, Diginex is likely to start trending higher for good and clear the US$5-8 resistance range.
For further details see:
Diginex: Surfing The Trade Volume Catalyst