WIMI trade ideas
WIMI - long - great news - crypto related playWiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.
This is not a financial advice!
Very good crypto related news has been dropped.
We need to stay in a bullish crypto enviroment. If we see a corretion, this play might doesn't work or takes longer than expected
Keep an eye on 1.70 and 3.0 levels, needs to get broken for a further upmove. You can take partial profits at these levels if u want to lock in gains.
SL under 0.8
TP approx. 3.7
Most info on the chart.
Trade carefully!
Can WIMI an IT penny stock hold above a dollar per share ?WIMI rocketed from 60 cents to $1.50 two days ago and then fell to 93 cents near to the
Fib 0.62 retracement which is greater than the typical. The idea is on the chart. So the analysis
is a symmetrical triangle pattern with a high normal retracement now at the apex of the
triangle with quick compression on the 15 minute chart. Volume is now. Friday afternoon
had a pullback likely to rake profit for the weaken. Money flow and relative strength are
decent but settled down. So will this penny awke up next week and try to move toward
its high of the week or will it fall lacking attention from distraction by technology stock
earnings reports and a crypto-sruge. To be sure, this is not an earnings play. There was
a highly significant news catalyst early in the week. This news is a possilbe game changer.
Over the intermediate term, despite any analysts' forecasts this could do 10X by summer.
As to next week, who knows but with an overshoot on the retracement and now below the
the mean VWAP band anchored to the beginning of the week. I am voting for a reversion to
the mean which just happens to be 1.00 ( a convenient "psychological level.).
As to a trade setup, a will take a big lot of shares from a buy stop set for 1.01 with a stop loss
of 0.97 and see if I get filled.No matter, this will be a swing trade for me. I will do adds at
the low of the week each week for several. I understand the news catalyst and believe
this penny IT will get a begin growth spurt in little time at all.
My 💡⏳$Wimi 🔥🔥🔥🚀 Up + 298%It seems the time is ripe for wimi. Technically, a graphic pattern has been configured that would give the price the opportunity to return to test the lows of 08/20 08/21 12/21 or $3.20 + 298%
WiMi Hologram Cloud (USA: $WIMI) Could Lift Much Higher! ☁️WiMi Hologram Cloud Inc. provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products. Its holographic AR advertising software enables users to insert into video footages real or animated three dimensional objects; and online holographic AR advertising solution embeds holographic AR ads into films and shows. The company's holographic AR entertainment products consist primarily of payment middleware software, game distribution platform, and holographic mixed reality software. In addition, it engages in the provision of central processing algorithm services, and provides computer chip products to enterprise customers, as well as sells comprehensive solutions for central processing algorithms and related services with software and hardware integration. WiMi Hologram Cloud Inc. was founded in 2015 and is headquartered in Beijing, the People's Republic of China.
WIMI$WIMI filled in most of the gap up from this morning, trading higher Tuesday after the company reported its HoloPluse LiDAR was approved by the FCC to enter the U.S. market. Bullish outlook especially when you consider it being a metaverse play these upcoming weeks.
Growing Stocks to Watch in the Chinese Market: (WIMI:NASDAQ)The regulatory and other uncertainties in the Chinese market directly impact sectors like fintech, gaming, and education. Winners will be companies that have benefited from the regulatory change or captured the newly emerging opportunities.
WiMi Hologram Cloud (WIMI:NASDAQ)
WiMi Hologram Cloud is one of China's top holographic Cloud technical solution providers that focuses on AR automotive HUD software, 3D holographic pulse LiDAR and holographic microelectronics. Frost & Sullivan, for instance, described WiMi's holographic AR application platform as one covering the most comprehensive set of AR products in China.
WiMi reported a 140% year-over-year increase in revenue from CNY 319 million in 2019 to CNY 766 million in 2020. The net income before the impact of stock compensation expenses was CNY 40.3 million in 2020, presenting a decreasing trend mainly due to a 362.8% increase in R&D expenditure.
Also, with the increasing application solutions demand on the 3D vision-related semiconductors, WiMi broke into the market. WiMi's 56% of the 2020 revenue was contributed by its semiconductor business, which was just launched in July of that year. Along with the rise in the Chinese semiconductor industry that is vigorously supported by the state, the business is going to build a new growth curve for WiMi.
For the full article with the charts, please visit the original link.
Double bottom reversal?Waited for the setup for a while. I added some starter position and waiting for it bounce around low 4$ range.
WIMIWiMi Hologram Cloud Inc (NASDAQ:WIMI) Daily MACD triggered a new buy signal last week. Could start to heat up the next few weeks. The chart shows a stock that is looking to rally with $6.85 as the next logical price point. After that the 200 EMA comes in at $7.05 and the March high of $9.93 would be next.
WIMI, Long, Offering based Play So , This caught my eye as an offering play . The product looks cool but the website is lacking in terms of what products they actually have . Lots of glamour, not a lot of facts as to what the products are.
As a result I would up getting most of my info from WIMI financials . That's when I realized that this is actually a "potential" gem .
I will go over that shortly but first the basics that brought me here , this is an offering based play . They all vary , there are many types of offerings so I like to due extra diligence and make sure I understand the fine print , even then its still easy to miss small details sometimes.
Basically ...WIMI just raised 83.8 Million in a registered direct offering. The buying party was sold 11,173,335 units but they were actually sold ADR's for a purchase price of $7.50 which can be used to acquire 2 class B ordinary shares under the agreement . But also 1 ADR also gives buyer the right to purchase 0.4 of a warrant to purchase one ADS at an exercise price of US$8.50 per ADS ( I think, feel free to clarify that warrant part in comments if I got it wrong, that detail is pretty oddly worded in report) .
So basically , the buyers got a "bonus" deal there . Because they agreed to pay $7.50 when the price of common shares was actually 15% higher and the buyers actually in a sense got a "2 for 1" deal and a slice of warrant to the side for dessert. The common share holders did not get a good deal, they just were given a side of the cold leftovers , AKA dilution .
But that does not necessarily mean that this is not a buy because the financials are quite favorable and the technicals are resting on support . I am not going to quote too much financial data , I strongly suggest you go look at their financial statements, they are pretty impressive.
Revenue YoY Trends up significantly 66% increase from 2017 to 2019 , good net profit as well .
Operating income trends up
Net income trends up
Total assets trends up
Total liability trends down ( very nicely too)
Cash from operating activities trends up
Please do look at the statement's those are just the basics , would not want you to base your decision solely on them , they alos are based on the results from 2017 to 2019 as 2020 annual results are not yet filed , but quarterly looked like it was right on track for a continuation of those results.
So in summary :
Good financials
Offering not so good
Nonetheless , Price sitting at support
Bounce possible
WIMI Website sucks . Get info from financials instead .
Good luck ~
WIMI - get on out of that gigantic triangleThe Harmonic shown is a Shark. TV does not have a tool that draws it correctly so disregard the measurements shown. But the pattern is there.
This one may take a bit longer to get going. Zoom this chart way out on the daily to see the basing (bottom of triangle). It's a big triangle.
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My trade ideas are just that, ideas...and 100% free. DO YOUR OWN DD!
My trade ideas are not an endorsement of any company or product. I will sometimes incorporate news or other info that may be a catalyst for expected price action, but it is only a catalyst. I consider all of my trade ideas to be short term swings. They are ideas that are days or weeks in length and not day trades. I have decided to not provide entries, stops or targets. If you don’t know how to manage your own risk with correct position sizing and stops/targets then you should not be trading live in my opinion.
All of my ideas first focus on price action resulting in predictable patterns and their conclusions. I incorporate Harmonics and Elliott Wave to complement and add strength to these ideas. Depending on the timeframe it is difficult to display some of them. Ultimately, price action and volume rule. The market and individual stocks do not care about my or your opinion on how “cheap” or “expensive” shares or contracts are.
Green Harmonics are bullish, red are bearish. But look at where price is relative to the pattern for expectations of next moves. I often catch Harmonics before completion, so a bearish pattern may still be a bullish move until it completes. Elliot Wave bull/bear counts will be green/red accordingly. After a wave count there are a number of possible next moves.
Lastly, these are all trades that I would and do take.
I hope to provide some value to your trading education, nothing more. Good luck to all.
WIMI - Will this be the King of NFT stocks in 2021?NFTs are starting to get REAL hot in 2021. Will NASDAQ:WIMI be the king of NFT stocks in 2021?
We potentially have a Stage 1 base that formed starting in August of 2020 until January of 2021. Did we just see a retest of a Stage 2 breakout?
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WIMI - "Bowlish" C&H SetupQuite a C&H setup here. Price action printed a shooting star on the daily chart today. Wait for it to pull back to the 20 EMA ($9.50 'ish) before considering opening a position. That's one heck of of a base its formed. Will be interesting to see what happens to this puppy over the next few weeks.
WIMI - ready to jump in the double digit's areaWIMI hourly chart
BUY zone: 7.5 - 8.5
PT1: 12$
PT2: 20$
WiMi Hologram - this is an easy play ! this is the futureso we are looking at the future of technology -i don't know why people are missing out on this amazing company, really unclear to me - they do hologram technology and they are leading the race! with 5G spreading out right now hologram technology will be enabled on mobiles because of substantial less latency and cloud computing growth. at the moment their main sources of income is payment solutions and holograph commercials - huge potential!
WiMi main products:
1. Payment solutions - holographic ARSDK pay.
2. Holographic gaming
3. Autonomous driving - 3D holographic pulse laser technology
4. Marketing -Holographic commercials
so technicals :
people woke up a bit this month regarding to WiMi (but not nearly enough if you ask me) and a motive wave (impulse) took place
the first stage of the wave crossed 8$
the third stage of the wave took it to 10$+
I expect the fifth part to take us beyond 11$ and I am being pessimistic – it can easily reach even 13$
Once the fifth wave will end we will have a 30% correction back to 8.5 -9$ - because we need accumulation on those areas.
Volume analysis :
-3 months average is 3.3M
-the beginning of the wave showed us an uptick of volume (13.1) up to 45M that day… sentiment!
Regardless of this analysis- this company is going to be huge! don’t forget that name because your kids will play holographic based mobile games on their phones and this will be 1000 times bigger than augmented reality like Pokémon go – don’t say I didn’t tell you 😊
Trade safe and be safe!
WIMIThe bigger the base the bigger the rip!! I'd enter long on the pullback as long as it remains above 8.75
64% gain potential..!Reward/Risk: 4 (above is Ideal)
This is just my technical view, not a fundamental comment..!
I can make you confused you by a crowded messy chart, but I would rather simple effective presentations..!
