ARBE moves higher on higher volume. Time to catch the momentumARBE moved higher breaking above last month^s high on higher volume. There is demand in the share, a ride up for a quick profit make sense. TP 4.90 AND SL below 3.65
ARBE trade ideas
ARBE 115% rise ahead.Arbe Robotics is a company developing a 4D microwave sensor. These sensors are currently 100 times more accurate than conventional LIDAR sensors. Their main application is in the automotive industry, including self-driving systems. Microwave devices provide more stable and accurate environmental object detection than self-driving technologies with video or LIDAR sensors. Importantly, there is no false detection even in extreme weather conditions such as rain, fog, strong sunshine or smoke. Consequently, there is also no false intervention, such as the Tesla "phantom break" phenomenon. The 4D microwave sensor circuit developed by Arbe is extremely low power. Their sensing range is up to 800 meters. Last week, Arbe Robotics signed a cooperation agreement with Veoneer, the autonomous self-driving technology development division of Sweden's leading car safety group, which spun off from AutoLiv. If that wasn't huge news in itself, then to follow up....these two great development companies have signed a supply and collaboration agreement with Qualcomm, one of the automotive industry's largest electronics suppliers. Quietly over the past month, a technology supplier group has been created in the automotive industry, with these contracts, that can provide technology services for up to Class 5 self-driving cars. It has also created a corporate structure that, through the contracts already in place, covers a significant proportion of the world's car manufacturers. This will ensure the development of a world standard for a global self-driving system.
Let's look at the technical analysis. The Arbe Robotics chart shows that it has been in an almost constant downward trend since the shares were issued. It can also be seen that the size of the downward sloping wave sequence of the price movement (blue square) is halving. This suggests that a sustained upward wave may be developing from the current level. Its target price could be 12.80 usd. Which implies a 115% rise. The bold yellow line is a "doomsday" scenario, I do not assume this, at which point the entire aforementioned automotive cooperation (Qualcomm-Arbe-Veoneer) scheme would be completed. If the scenario based on rising collaboration were to materialize, the final target prices could be much higher, even in the 150-300usd range. The reason is that the three companies have created the most accurate and sophisticated control system in the world. It far exceeds the self-driving electronics capabilities of competitors. Including Tesla's technology based on video analysis.
