SmartRent offers a home automation platform for property managers and renters.
While this is not a pure play on artificial intelligence, it somewhat fits into the AI/tech /software theme we see playing out.
It is only about $4 a share, but the company market cap is $770 million. This is not a longshot penny stock with no sales.
After consolidating in the $2-$3...
Hello Price Action Traders! SMRT just made an inverted head and shoulder and we will see if it will going to break the resistance level. After it breaks the resistance, it will create a swing point or pull back (retracement) where we can enter a position or go long.
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Price has rally for sometime.
We have a support that is holding on to the bullish move.
once the support is broken, I am expecting more slide to follow.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities...
Position at lower support today, so we had lower risk & higher probability entry.
It has smart money buy & divergence in the moneyflow. We think it has very good upside potential from here.
* Trade Criteria *
Date First Found- November 6, 2017
Pattern/Why- Buying at long term support
Entry Target Criteria- Break of $1.04 (Bought on November 6, 2017)
Exit...
SMRT looks ver interesting fallen angel setup. Lots of insider buying around current levels. If it breaks 1.53 it could be at the beginning of a longer term run.We would also consider $2.50 Calls
* Trade Criteria *
Date First Found- August 24, 2017
Pattern/Why- Fallen angel breakout
Entry Target Criteria- Break of $1.53
Exit Target Criteria- $1.38
Stop Loss...
SMRT trading between it's fibs and trend lines. Intersection of fib support and long term trend line coming up in the next few days. Expect big price movement up or down once decision is made.
SMRT seems forming a fallen angel type for pattern. It crossed above EMA & MA20 lines with very strong volume. Moneyflow just turned to positive. Looking very good as long.
Trade Criteria
Entry Target Criteria- Break of $5.64
Exit Target Criteria- $6.67
Stop Loss Criteria- $5.37
You can check detailed analysis on SMRT in the trading room/ Executive summary...
SMRT seems forming a fallen angel type for pattern. It crossed above EMA & MA20 lines with very strong volume. Moneyflow just turned to positive. Looking very good as long.
Trade Criteria
Entry Target Criteria- Break of $5.64
Exit Target Criteria- $6.67
Stop Loss Criteria- $5.37
You can check detailed analysis on SMRT in the trading room/ Executive summary...
