SPYR Tech Company - Big play in effect! BULLISHLow cap penny stock, just released their apple play products, and have a big 50,000 ad marketing campaign for their products starting in october.
this has also retraced to the perfect areas as seen on the chart.
finding support, retracing to the top of the last breakout peak perfectly
and momentum is starting to turn green last 30 days.
with the bottom in, high obvoious volume coming in recently,
along with their new advertising with new products just released this year.
SPYR
SPYR Tech - Approaching Key Support- SPYR Tech has lost more than half of its value from it's 52-week high of .23 on March 16.
- SPYR is approaching a support level of .08 and I am expecting to see consolidation before we make a move higher.
- It is more likely than not we hold this support level given the recent bullish newsflow and improving fundamentals of the company. IMO
$SPYR Coils for Breakout as Smart Home Strategy Goes LiveSPYR is tracing out a type specimen Bullish Ascending Triangle breakout pattern with a trigger level in the $0.20/share area. This matches up well with the company's aggressive move into the Smart Home marketplace on the Apple platform.
SPYR Technologies (OTCMKTS:SPYR) frames itself as a technology company that, through its subsidiary, Applied MagiX Inc., develops and resells Apple ecosystem compatible products with an emphasis on the growing multi-billion-dollar smart home market.
SPYR continues to identify and target acquisitions that will grow its footprint in the industry and expand the products it offers consumers, including companies developing artificial intelligence and smart-technology products.
SPYR Technologies (OTC Pink: SPYR) and its wholly owned subsidiary, Applied MagiX, made their Apple® HomeKit® smart home products available for purchase to the public late last week with a newly launched website and online store at appliedmagix.com and appliedmagix.com
This is an enormous development, especially given the fact that Statista shows that the global smart home market is projected to reach more than $53 billion by 2022. Adding to that picture, Acumen Researching and Consulting forecasts that, with rising popularity, the “smart homes and buildings” market will grow 18% in 2021.
SPYR is also now moving to implement additional distribution channels like Amazon, the most visited e-commerce property in the U.S. with over 2 billion global visitors each year.
Applied MagiX is a registered Apple developer that was acquired by SPYR Technologies in late 2020.
The company develops and resells Apple ecosystem compatible products with an emphasis on the growing multi-billion-dollar smart home market, and while it continues to develop its own signature brand of proprietary smart home products and accessories, the company has chosen to begin generating revenue right now with sourced products from trusted technology partners, including Onvis.
Shopping for Apple HomeKit products is made easy with the new online store at Applied MagiX, and there is no better time to join the smart home craze that is currently sweeping the globe than with the company's extremely competitive introductory prices on its first 4 smart home products:
Applied MagiX is introducing the “Onvis C3 HomeKit Secure Video Camera” for $59.99 (the same product is listed on Amazon for $89.99). appliedmagix.com
SPYR’s subsidiary offers the “Onvis SMS1 Multipurpose Smart Sensor” (Environment & Motion) for $19.99 on its web store (the same product is listed on Amazon for $24.99). appliedmagix.com
The “Onvis CS1 Multipurpose Smart Sensor with Alarm” is available for $19.99 at Applied MagiX (the same product is listed on Amazon for $31.99). appliedmagix.com
Finally, smart home enthusiasts and newcomers to the market will find the “Onvis CT2 Door/Window Contact Sensor” is listed for $15.99 at Applied MagiX (the same product sells for $19.99 to $34.99 on Amazon). appliedmagix.com
While these 4 “essential HomeKit products” are the first that Applied MagiX is introducing to the public, they certainly won't be the last. Even more Apple HomeKit products and accessories are on the way, and the company will also launch Apple Watch® accessories, and Apple CarPlay® products and accessories as well. We expect Applied MagiX to begin to populate its online store and other distribution channels with its expanded lineup of sourced items soon.
“This strategy of reselling vetted products will allow us to begin to generate revenue and put us one step closer to profitability while we’re developing our own branded proprietary products for Apple HomeKit for release into the market,” said Dr. Harald Zink, the Chief Executive Officer (CEO) of Applied MagiX.
SPYR, INC. Possible Bounce! High Risk Reward!keeping it simple.
This is high risk reward.
Looks to be respecting this wedge, and has slight positive momentum.
They just released their game app a few months ago, and seem to be working with cartoon network.
and once earnings come in for the quarter with the new numbers, this may jump.
We have a daily squeeze, waiting for the pop, loading a small position now.
Happy Trading, Debating, and speculating!