Long

Nauticus Robotics - The Roaring $KITT

Nauticus Robotics (KITT) is a picture-perfect pick-up for the coming market conditions. With capital about to be re-allocated into markets, following the month long sell-off of late and rotation into precious metals/bonds.

Technicals

Already broken-out of its downwards wedge pattern on high volume, KITT recently just put in a double bottom.
If the initial move from December 19th to 6th January, was an Elliott Wave 1, I would wait & prepare for volatility to come, and if to the upside it will put some of the most volatile cryptocurrency tokens to shame.
Wave 2 should now be complete, having bottomed on March 4th. Friday March 14th should have been the completion of its 1st higher low.
As early as next week, I am expecting KITT to reach $2.80. This coincides with the 0.618 fibonacci level, resulting from its recent decline. From there, a shallow retrace into the end of the month before catapulting itself to levels not seen since September 2023 at around $80.
That would conclude Wave 3, the most volatile of moves in Elliott Wave theory, between May and June. Reaching the 2.272 fib level at $80.
The entire move can reach a final impulse conclusion of around $155 of the 2.618 fib level 👀. A potential 150x in just a few short months.

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Fundamentals

Nauticus Robotics is creating an entirely new industry right before our eyes. They are pioneers and future monopolists for the underwater economy, just like Tesla are becoming to battery, automation & automotive technology.
Think deep-sea oil refining, precious metal mining, environmental studies and even underwater city construction. Combined with a domestic administration that for the first time in decades is supportive of such novel energy & infrastructural investments.
For those expecting an AI bubble to soon take hold of markets, this stock is arguably one of the few companies that could simply not exist without artificial intelligence. Thanks to this new technology, it opens up commercially and fundamental new opportunities to deploy unmanned robotics deep into our oceans, for days at a time without costly supervision.
Currently (at $1.06) with a market cap of $6.79 million, there is far too much upside to this stock. One that employs dozens of ex-NASA engineers.
This stock is one of the 100 most highly shorted stocks on markets. With RICO and an administration hostile towards & actively investing such practices, this stock is likely to undergo a swift revaluation.
All of this combined, suggests to me the ocean tide is on your side with $KITT.

DigiDavid

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DigiDavid