Nauticus Robotics - The Roaring $KITTNauticus Robotics ( NASDAQ:KITT ) is a picture-perfect pick-up for the coming market conditions. With capital about to be re-allocated into markets, following the month long sell-off of late and rotation into precious metals/bonds.
Technicals
Already broken-out of its downwards wedge pattern on high volume, NASDAQ:KITT recently just put in a double bottom.
If the initial move from December 19th to 6th January, was an Elliott Wave 1, I would wait & prepare for volatility to come, and if to the upside it will put some of the most volatile cryptocurrency tokens to shame.
Wave 2 should now be complete, having bottomed on March 4th. Friday March 14th should have been the completion of its 1st higher low.
As early as next week, I am expecting NASDAQ:KITT to reach $2.80. This coincides with the 0.618 fibonacci level, resulting from its recent decline. From there, a shallow retrace into the end of the month before catapulting itself to levels not seen since September 2023 at around $80.
That would conclude Wave 3, the most volatile of moves in Elliott Wave theory, between May and June. Reaching the 2.272 fib level at $80.
The entire move can reach a final impulse conclusion of around $155 of the 2.618 fib level 👀. A potential 150x in just a few short months.
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Fundamentals
Nauticus Robotics is creating an entirely new industry right before our eyes. They are pioneers and future monopolists for the underwater economy, just like Tesla are becoming to battery, automation & automotive technology.
Think deep-sea oil refining, precious metal mining, environmental studies and even underwater city construction. Combined with a domestic administration that for the first time in decades is supportive of such novel energy & infrastructural investments.
For those expecting an AI bubble to soon take hold of markets, this stock is arguably one of the few companies that could simply not exist without artificial intelligence. Thanks to this new technology, it opens up commercially and fundamental new opportunities to deploy unmanned robotics deep into our oceans, for days at a time without costly supervision.
Currently (at $1.06) with a market cap of $6.79 million , there is far too much upside to this stock. One that employs dozens of ex-NASA engineers.
This stock is one of the 100 most highly shorted stocks on markets. With RICO and an administration hostile towards & actively investing such practices, this stock is likely to undergo a swift revaluation.
All of this combined, suggests to me the ocean tide is on your side with $KITT.
KITT trade ideas
Nauticus Robotics, Inc. (KITT) - Long Setup | 15M Chart
The stock appears to be forming an up trend channel with HH and HL
The stock bounced off demand with increasing volume, confirming buyer strength.
Trade Plan:
Entry: ~$1.68
Stop Loss: $1.34 (Below the demand zone & invalidation level)
Take Profit Targets: $2.66 (RRR 4:1)
"It’s not whether you’re right or wrong that’s important, but how much you make when you’re right and how much you lose when you’re wrong." – George Soros
Manage risk: Stick to the plan and use stop losses effectively.
Disclaimer:
This is for educational purposes only and not financial advice. Always conduct your own analysis and manage risk accordingly before trading.
KITT wait for W chart pattern in March 2025
Nauticus Robotics is a Houston-based company specializing in cloud-based subsea robots and software solutions aimed at addressing global marine environmental challenges.
Waiting for the MACD golden cross, a breakout above the MA8 moving average, and confirmation of a W-bottom pattern can effectively improve your win rate.
With the earnings report coming up on April 1, it's wise to wait for clearer market signals before entering.
If the price consolidates at lower levels in the short term, you can keep an eye on volume changes to see if funds are positioning early. If volume and price align well, it will give you more confidence to enter.
Are you planning for a short-term trade or more of a swing trade?
KITT - Ocean Robots controlled by AI - driven SoftwareNauticus Robotics Inc is a developer of ocean robots, cloud software, and services delivered in a modern business model to the ocean industry. The company generates revenue through engineering service contracts, with both government and commercial customers, to a company that performs subsea robotic services through various technology-based products. Nauticus' products and services will be delivered to commercial and government-facing customers through a Robotics as a Service ("RaaS") business model and direct product sales for both hardware platforms and software licenses. The RaaS revenue model emulates the Software as a Service revenue model, which is commonly used for consumer and business software licensing.
Disclaimer: This is not financial advice.
Investment Perspective: Low-Float Stock with Significant Growth Potential
With a relatively low shares float of 8.051 million, this investment proposition stands out due to its potential for substantial price movements on relatively modest market actions. Considering the recent analyst perspectives and market trends, here’s a structured analysis:
Market Sentiment Dependency: The feasibility of this trading strategy is closely linked to a bullish market environment. Should a market correction occur, the expected outcomes may not materialize, stressing the importance of timing in this speculative play.
Crucial Technical Levels:
Immediate Focus on $0.35: Breaking and maintaining a position above this key level is essential for initiating a positive price trend.
Subsequent Resistance Points : Identified at approximately $0.35, $0.43, and $0.58, these levels present barriers that, once surpassed, could pave the way for significant upward momentum.
Risk Management Framework:
Stop Loss (SL) Strategy: A stop loss set below $0.2 is recommended to mitigate downside risk and protect against unexpected market downturns.
Take Profit (TP) Objective: A take profit target is ambitiously placed at approximately $1.5, reflecting a significant potential upside while acknowledging the speculative nature of this investment.
Chart Analysis Importance: The provided chart is a key resource offering deeper insights, including the detailed technical setup and potential indicators for entry and exit points. It’s essential for guiding informed decision-making.
Trading Strategy Considerations: Given the low float and reliance on positive market sentiment, a cautious approach is advisable. The potential for rapid price fluctuations highlights the need for vigilance and readiness to adjust positions in response to market developments or when reaching predefined risk management thresholds.