$SSFT Short term price action until $1Sonasoft corp was first discovered by retail traders in January and since then it's been rising steadily. Current bear market brought it down about 40% since recent high at 0.40 but we know that this is a temporary dip. As the market gets back on its feet SSFT will continue on a similar path that I've drawn on the chart.
Sonasoft was not really aware of this increasing investor interest but recent new PR showed that traders are demanding more communication and transparency from the company and Sonasoft will be increasing its communication and marketing in the coming weeks.
"Shareholders can expect the following IR initiatives to be implemented by the end of the month:
1. Updated IR page: We will be updating the Investors Relations page on our website. The new IR section will include quarterly and annual financial reports, SEC reports, press releases, investor presentations, IR contact information, stock information such as stock quotes, charts, and other resources as they become available. We will also include a sign-up form for investors to receive periodic information via emails such as newsletters, blog posts, updates, and notifications of upcoming events.
2. More frequent corporate communications from the Company relating to material events and business developments.
3. Increased media presence and management to make the time for interviews/articles with various outlets.
4. The Company intends to begin hosting Quarterly shareholder conference calls later this year."
If you consider that it's gone up this much only by investors' research, upcoming PR as in news, deals, financial reports will have multiplying effect.
Company has ongoing client agreements with Google and Fidelity that hasn't been reflected in the financial reports yet.
They are adding new team members in the AI engineering department and have a working Proof of Concept for their flagship product NUGENE with Delaware Electric Company.
The future of Sonasoft is expansion along with the AI market and finally an acquisition by one of the giants once it establishes key technology and client list firmly.
Company is in good financial condition that's why this a safe investment among risky penny stocks.
Currently it's oversold on 4h chartwith VIX indicator showing the bottom and CMF divergence formed at this level.
First resistance is at recent high at $0.40 then comes the previous high at $0.49-0.50
after that fibo 1.618 falls at 0.78 when 0.5 is broken. And finally $1
I expect all of this to happen in the span of 2 months. If market continues to steadily rise until then, SSFT will be on of the best stocks benefiting from that influx of cash in to the market.
Please do your own DD this is just some technical analysis to predict a possible scenario.
Artificialintelligence
In search for the next NAKD Naked Brand? Volume play!Can you see some volume patterns?
This was my first NAKD Naked Brand post:
GBT Researching AI based, Robotics Technology for the Medical Field
GBT Researching a Development of a Radio Based Computer Vision System For Cardiovascular Applications
GBT Tokenize Corp Evaluating qTerm Applications for Hotel Industry
GBT Developing a Long-Range Radio System Targeting Global Communication for Remote Telemedicine (globenewswire.com)
AI Eye Podcast: GBT Technologies' CTO Discusses the Significance of FDA Approval for the qTerm Human Vital Signs Device. (newsfilecorp.com)
Fell free to Join my Patreon group in the description of this idea!
$IOTA/USDT 1h (Binance Futures) Ascending triangle breakoutMiota broke out of that triangle and is looking ready for a leg up in my opinion.
Current Price= 0.3932
Buy Entry= 0.3933 - 0.3851
Take Profit= 0.4054 | 0.4292 | 0.4615
Stop Loss= 0.3730
Risk/Reward= 1:1 | 1:2.47 | 1:4.46
Expected Profit= +12.48% | +30.84% | +55.74%
Possible Loss= -12.48%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 120h
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IFCA: Enemies at .50 border.After successfully breaching enemy defense at .33-.34 border, IFCA continues to march forward only to be halted by quite a strong enemy force at .49-50 outpost.
IFCA had fallback to resupply at the previous defeated defense of .33-.34 and is now ready to launch a full frontal to penetrate that heavy defense at .50.
If it manages to breach that defense, the road is cleared for IFCA to continue its march toward the next line of defense at .575.
However, if the enemy force is still strong, IFCA might need to resupply once again.
DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors coupled with just a little or totally nonexistent fundamentals. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.
TSMC Breakout: Powering the AI MegatrendAfter consolidating for 2 months, this semiconductor powerhouse finally broke out to new all-time-highs from its rectangle yesterday. With most tech stocks still recovering from the correction of the last 2 weeks, such a move signals strong underlying momentum.
TSMC counts the world’s biggest tech companies as its customers - Apple, Intel, AMD, Nvidia, Qualcomm, etc - and arguably underpins much of the world’s tech boom and AI megatrend.
Part of the fuel for the breakout came from Apple’s new iPad Air announcement yesterday, utilizing their latest A14 Bionic, the first consumer chipset to run on TSMC’s most advanced mass production 5nm process.
This is one stock you’ll want to own for the long haul.