$PDYN to blast soon!!
The chart of Palladyne AI Corp. 
PDYN suggests a potential breakout move:
Technical Analysis:
Breakout from a Downtrend: The stock has broken out from a descending wedge/pennant, which is generally a bullish pattern.
Strong Weekly Close: Last week, PDYN closed +17%, confirming strength.
Above Key Moving Averages: It is trading above the 5-day, 10-day, and 20-day moving averages, which signals short-term momentum.
Volume Confirmation: The volume is increasing, indicating strong accumulation by buyers.
Measured Move Target: The projected upside move is +144.65%, which targets $21.91.
Fundamental Backing:
- Palantir Partnership: The company uses Palantir’s Foundry platform for AI-enhanced robotics.
- Recent AI/Defense Contracts: Secured a U.S. Air Force contract for AI-powered drones.
- Short Interest (11%): Possible short squeeze fuel if momentum continues.
Conclusion:
PDYN remains one of the strongest stocks in the market (+2,000% YoY).
The risk-reward setup looks favorable if the breakout holds.
Watching for a sustained move above $10.50 to confirm momentum toward $21.91.
Would you like to anything else on this? 🚀
PDYN suggests a potential breakout move:Technical Analysis:
Breakout from a Downtrend: The stock has broken out from a descending wedge/pennant, which is generally a bullish pattern.
Strong Weekly Close: Last week, PDYN closed +17%, confirming strength.
Above Key Moving Averages: It is trading above the 5-day, 10-day, and 20-day moving averages, which signals short-term momentum.
Volume Confirmation: The volume is increasing, indicating strong accumulation by buyers.
Measured Move Target: The projected upside move is +144.65%, which targets $21.91.
Fundamental Backing:
- Palantir Partnership: The company uses Palantir’s Foundry platform for AI-enhanced robotics.
- Recent AI/Defense Contracts: Secured a U.S. Air Force contract for AI-powered drones.
- Short Interest (11%): Possible short squeeze fuel if momentum continues.
Conclusion:
PDYN remains one of the strongest stocks in the market (+2,000% YoY).
The risk-reward setup looks favorable if the breakout holds.
Watching for a sustained move above $10.50 to confirm momentum toward $21.91.
Would you like to anything else on this? 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.