This small-cap software stock forms a unique pattern; watch out!

one can expect high volatility in the stock once the parent bar high and low is breached on a closing basis.

Subex is a pioneer in the space of digital trust, providing solutions for 75 per cent of the world’s top 50 telcos. Founded in 1992, the year when the video telephone was launched, we have been a part of the evolution of mobile technology. Today, Subex is a consultant to global telecom carriers for operational excellence and business transformation by driving new revenue models thereby, enhancing customer experience and optimising the enterprise. 

Over the years, Subex has defined customer focus, technical sophistication, delivery maturity, and resilience in a world that brings new challenges & radical shifts every day. 

With a strong footing in our core domains, Subex is also charting a new course to make the best of emerging opportunities. 

Interestingly, the stock has formed a unique pattern, which in technical parlance is known as ‘double inside bar’.

Let’s know what is double inside bar? The double inside bar is a three-bar pattern, where the first bar is the parent bar, which has the highest range (high-low) among the three bars. The first bar is followed by two inside bars wherein, the range of the second bar is within the range of the parent bar while the third bar is within the range of the parent as well as the second bar. Generally, this pattern indicates diminishing volatility and one can expect high volatility in the stock once the parent bar high and low is breached on a closing basis.  

Moreover, the stock is in the news as Subex Limited is named in a recent Gartner Report titled, ‘10 Must-Have Capabilities for CSP Partner Ecosystems for Composable Products’. The report lists Subex as a sample vendor of Partner Ecosystem Management (PEM) solutions. 

As per Gartner, “By year-end 2024, CSPs with enhanced partner ecosystem capabilities will outperform their competitors that lack such capabilities by 20 per cent in revenue growth.”

However, many CSPs today lack the capabilities needed to scale and monetise a broader partner ecosystem easily. In this report, Gartner highlights the ‘10 Must-Have Partner Ecosystem Capabilities’ and maps them to desired outcomes. The report is available only to Gartner subscribers.