KOPN - AR/VR partnerSHIPSKOPN has glass tech for AR/VR right out of Westborough, MA and a great MIT technology that has partnershop habits for growing market.
Chart comments:
* 4h-1d chart showing MACD crossover on just over 7.2M shares volume for the day posting a nice 10.5% gain.
* CCI just crossing 0 and RSI bouncing nicely off 50% zone showing strength of owners holding put.
* 21 other days were stronger than today in the past 3 months in volume with 2 days trading 15M shares
* Price ran with green volume spike days last May, July, and 2x in Dec before hitting high of $13.62 Feb 16.
* Price recovering from 4-6 week pullback and posted positive earnings March 02 and trend into profit growth pound zone.
* Next earnings May 11th expected to be -0.02 and ready amp up/down with good news or unexpected bad
* Bounce came off golden 618 retrace and at 318 now, look for quick jump to $11.50 and look for volume up or down.
* Owned since buy Nov price signals as AR/VR play having military techno gear (extreme durability category)
New AR app: Called "Better than holding paper biscuits" - the DEM presses are runningz$$$
Optics
2H Growth & Acquisition Friendly (PT: $9.00)Second half of the year has already been projected by various telecom companies and suppliers to be strong and accelerated compared to the first half. Seasonally weak Q1 numbers came in almost across the board. However, NPTN managed to not do as badly as most had anticipated, hence the growth in March fueled by positive sentiment that momentum was returning.
NPTN has repeatedly shown that it will dip under its overall trend lines (red+yellow) and return fiercely for some gains. It will take a stable, forward looking market with growth and momentum to get it back to $9. However, in the short term, I can easily see it retracing back up towards $7.50 before some profits are taken and the price drops back around $6.50. NPTN guided for a solid Q2, though the ZTE news may have a bit of a negative effect on it. However, that news has probably been baked into the current price, which is in part why it's dropped to where it is now. Ignore the Huawei noise, as China talks are at least still neutral, but moving forward again with additional talks and likely more extensions for negotiations.
Q3 guidance should remain the same, specifically focused on getting margins up with flat revenue compared to Q2. Anything above that, and we've got a rocket that will easily coast to $8 I think. Sales and growth into its strongest areas of 400G and 600G continue, with Verizon and others quickly deploying and growing 5G capabilities that NPTN participates in. Additionally, now that LITE has chosen to buy OCLR, the speculation that NPTN could be acquired escalated, so owning a piece of NPTN has additional leverage.