AIOT โ 30-Min Long Trade Setup !๐ ๐ข
๐น Asset: PowerFleet, Inc. (AIOT โ NASDAQ)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Breakout + Retest at Supply Zone
๐ Trade Plan โ Long Bias
โ
Entry Zone: Around $5.09 (breakout + retest confirmation)
โ
Stop-Loss (SL): $4.72 (below structure + trendline)
๐ฏ Take Profit Targets:
๐ TP1: $5.66 โ Previous resistance zone
๐ TP2: $6.37 โ Major supply / upper structure
๐ Risk-Reward Analysis
๐ฅ Risk: $5.09 - $4.72 = $0.37/share
๐ฉ Reward to TP2: $6.37 - $5.09 = $1.28/share
๐ R/R Ratio: ~1 : 3.5+ โ Excellent potential
๐ Technical Breakdown
๐ Trendline breakout with bullish candle โ
๐ Volume increasing with price push โ
๐ Structure retest near yellow resistance zone โ
๐ Higher low + clean continuation signal ๐ผ
๐ Risk Management Plan
๐ Move SL to breakeven after TP1
๐ฐ Book partial profits at TP1
๐ Let remainder ride to TP2
๐ง Discipline over emotion โ follow structure
โ ๏ธ Setup Invalidation If:
โ Closes below $4.72
โ Reversal with high-volume bearish engulfing
โ Rejection from red zone without follow-through
๐ฌ Final Thoughts
โ Strong breakout from consolidation range
โ Beautiful R/R with clear invalidation
โ Patience is key โ let the levels do the work
๐ #AIOT #PowerFleet #BreakoutTrade #StockAnalysis #ProfittoPath #ChartSetup #BullishMomentum #RiskReward #SmartTrading
PWR trade ideas
LONG SIGNAL STOCK AIOTStock traders may advise shareholders and help manage portfolios. Traders engage in buying and selling bonds, stocks, futures and shares in hedge funds. A stock trader also conducts extensive research and observation of how financial markets perform. This is accomplished through economic and microeconomic study; consequently, more advanced stock traders will delve into macroeconomics and industry specific technical analysis to track asset or corporate performance. Other duties of a stock trader include comparison of financial analysis to current and future regulation of his or her occupation.
Our opinion on the current state of POWER(PWR)Powerfleet merged with Mix Telematics (MIX), a company specializing in vehicle tracking technology and the Internet of Things (IOT). It operates in various countries including South Africa, Australia, the UK, the US, Brazil, Thailand, and Romania. Being a service company, it boasts very low working capital and receives a significant portion of its income as annuity or debit-order income. This financial model is highly advantageous for private investors as it allows the company to expand its global presence virtually without limits and operate without a cumbersome workforce or significant capital tied up in assets.
In Mixtel's financial results for the six months ending on 30th September 2023, the company reported a 13% increase in revenue and added 87,900 subscribers, bringing the total to 1,089 million. The company announced a profit for the period of R38 million with an adjusted EBITDA up by 58% year-over-year to R343 million, and an adjusted EBITDA margin of 24.8%.
In the third quarter of the 2024 financial year, Mixtel reported the addition of 52,400 new subscribers and a revenue increase of 6%. The adjusted EBITDA rose by 13% year-over-year to $9.5 million, with an adjusted EBITDA margin of 24.4%, up by 220 basis points from the previous year. These results suggest that institutional investors might be starting to take notice and invest in this share. The share was added to the Winning Shares List on 28th December 2023 at a price of 590c and has since yielded an effective gain of over 106% after the merger with Powerfleet.
On Tuesday, 4th April 2024, Powerfleet was listed on the main board of the Johannesburg Stock Exchange (JSE) through a secondary inward listing to ensure the continuity of trade. On 10th May 2024, the company announced a change of its fiscal year-end to 31st March. For the year ending 31st December 2023, the company reported a slight revenue decline of 1.6% and a net loss of 49c (US) per share due to the costs associated with the merger. For more detailed information on the merger, refer to our article titled "Reverse Takeover."