QuikLogic Corporation (QUIK:NASDAQ)#QuikLogic Corporation (QUIK) partners with Yorchip for a low-power UCle FPGA Chiplet, targeting IoT and AI/ML markets. Revenue surge expected from ePFGA contract's next phase. Integrating SensiML AI/ML solutions.
We are bullish, eyeing $12.00-$13.00 if stock stays above $8.20-$8.40. 💼✨
#QUIK #AI #Semiconductors 📈
QUIK trade ideas
QuickLogic's Amazon-Qualified Reference Design built in AlexaQuickLogic's Amazon-Qualified Reference Design Brings Alexa to Hearables
- Smart hearable reference design for voice-initiated, hands-free Alexa Built-in Devices with Close-Talk support
- Provides hearable OEMs and ODMs with a head start on designing their own products with the Alexa user experience.
QUIK today announced it has released an Amazon-qualified reference design that empowers OEMs and ODMs to evaluate and develop their own smart hearable products quickly and easily. This kit integrates the Alexa voice-initiated Close-Talk experience, enabling a broad set of battery-powered applications to communicate directly with Alexa for a multitude of use cases.
"The age of the smart hearable has arrived, and our always-listening, Alexa Close-Talk reference design is the ideal platform for developing next generation AI-enabled hearable products,"
The QuickLogic QuickFeather AVS reference design for Amazon is available now and can be ordered from QuickLogic's online store.
finance.yahoo.com
$QUIK Earnings could ignite a breakout in Quicklogic CorpQuickLogic Corp. operates as a semiconductor company that designs, markets, and supports primarily Customer Specific Standard Products and secondarily, Field Programmable Gate Arrays, sensor software algorithms, software drivers, associated design software and programming hardware. It develops and markets low power customizable semiconductor and software algorithm solutions that enable customers to differentiate their products by adding new features, extending battery life, becoming more contextually aware and improving the visual experience with their mobile, consumer and enterprise products. The company was founded by John M. Birkner, Andrew K. Chan, and Hua-Thye Chua in 1988 and is headquartered in San Jose, CA.
Double Bottom - Watching for BounceDouble bottom at 0.56. all other indicators look abysmal. Watch to make sure 0.56 holds and wait for bounce - I don't think the bounce will be immediate, but if 0.56 holds, that's a really good indicator that it's impending. just needs a week or two to flatten out and reverse price momentum. Two signals I will watch are RSX crossing 30 and DPMO crossover - one or both of those would be good confirmation of reversal.
QUIK worth monitoring closelyIt appears that the Marketwatch article yesterday more than doubled the usual volume for this ticker. The 1W chart shows the following indicators that piqued my interest:
TTM squeeze on, any continuation this week would likely trigger a release.
RSX higher highs/higher lows and currently crossing mid-line, indicating there's room to run much higher despite yesterday's 30% gain.
Recent PMO crossover at approximately -10; the last time QUIK saw a PMO crossover at this level on the weekly chart was October 2016, where the price moved from ~0.75 to ~2.50 by early March 2017.
Although not visible on the 1W chart, there are three significant gaps above the current price that remain to be filled on the daily chart: 1.31-1.56, 2.48-2.90, and 3.78-4.01.
To reach the last two gaps, QUIK would first have to clear the strong resistance trendline dating beginning Feb. 2015; however, if it is able to breakout above this trendline, there's not much stopping a run-up to 3.00.
I'm not taking a position yet, but I will be watching for entry.
Disclaimer: This is only opinion. This is not investment advice. You are responsible for your own trades and conducting your own due diligence.