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Seeingmachines

#SEE in impulse 2This setup of renko block-size on a 4h chart shows that Seeing Machines #SEE completed its first ever impulse wave and now moving onto the second one. I can say this with certainty that the 2nd impulse (wave 3) will extend the first initial one, so I set up my first target for 27p as a minimum. I expect some reaction on the top of that trendline around 16-18p mark so that anyone who can draw a line might sell there, also those assume a golden ratio of the first move that the wave truncates will take a profit assuming this will be the top on the initial reaction. Drawing a trend line from a time where the movements were choppy and corrective is irrelevant. Seeing Machines SP action is in an entirely new era here. The first ever impulse wave, and I am not even sure this first wave has been completed yet, so the proportions can grow even higher. I have been saying this for long that we will be in a new all time high, and this is now soon. Buy signal is clear anyway for the next move.
LSE:SEELong
by tempertrade
Seeing Machines chartThis share is still my favourite and my largest investment, and I am glad to see it in such a clear bull trend. I had so many options counted from the bottom, and the pictured is one of the most likely where the most impulsive move starts as a wave 1 and are finished with the subwave 3 of the wave 3 for that move. Further options are very similar just starting form the low and would include this entire move up as subwaves of the 3rd. Even if I dont account for any of the 5th wave extensions going forward the targets are well above the previous all time highs. Heading above ath is really just a blank canvas without real targets. People set it to 50p, £1 etc which are all possible fo rthe future ahead. The great thing about being in new ath, and making newer and newer ath`s is that nobody is unhappy, as there are just no losers who could possibly bought ever higher. This will push the sentiment and new investors to enter even more. I think the current setup is just ideal for any new entry here, as the sub wave 4 is finishing a possible triangle, touched the last E wave and is setting up for the 5th wave breakout. There is just so much fundamental in this share that the potential news flow will be really continuous for this year ongoing. I set the break of the previous ath to reach by half of the time the drop took from ath, this takes us to spring 2021. That would indicate strong bullishness to continue further upwards and extend those further impulsive waves. I am still aiming to hold for a multibag in this year. GLA
LSE:SEELong
by tempertrade
Seeing Machines chart update - renkoRenko chart is extremely clear on the 4h eliminating all the messy ranging moves. It was a clear buy since 26 Oct again on SEE when renko started to tick up already, today move is just the proof. Targets are still the same as originally described in my previous post. Current ABC move ends around end of 2021, by then this share will be in multiples of current SP. The only surprise can be that instead of ABC it will be a Five move up with even bigger impulse. Easy 10 bagger in a year. Without even talking about its fundamentals.
LSE:SEELong
by tempertrade
SEE roadmap - buying this breakoutI expect a substantial move on Seeing Machines this week and in the next months ahead. With the recent RNS the company just entered into a new market of OMS which they are already dominating. SEE is way over conservative in their market share projections. 23% in their OMS figures and 30% in DMS. House broker`s old target is 7.2 on the DMS auto market only with the 30% auto market share. Add OMS 1,5 billion market (23% of it targets to 7.2p itself), add cash generating fleet not included, add Aviation industry potential, add the value of the IP in chips and mobile tech and the wide variety of market application. Conservative target should be anywhere between 30p-£1. A real gem to buy at this price and hold for a short-mid-long term. My ltf roadmap is also very conservative. There is no doubt the move up to 4.9 was impulsive, and that we have finished correcting here in value and time. The move up is a wave 3 as well, and my target to reach 7-10p in the next weeks ahead is only a x1.6 extension of wave 1. This can over extend easily. Also wave 5 is double topping at 10p, very conservative assuming it will just truncate. The whole structure is a bigger ABC also a conservative approach not assuming it is impulsive overall yet, A wave will finish anywhere above 10p. Then we will see how it develops and whether a new roadmap is needed to target £1. Don`t need much convincing that these prices are way too cheap for the development ahead of Seeing Machines.
LSE:SEELong
by tempertrade
SEEing Machines approaching its next W3 pumpSEEing machines completing its correction of this longer Wave 2 and finding a support at this level. News are on the corner although you can see it took much longer and with a more complex wave 2. It will easily pump up to its next W3 above 8p on any material news and anyone knowing this company there are multiple potential of material news dropping in any day now. Time to buy again, it`s an excellent opportunity at this stage.
LSE:SEELong
by tempertrade