BFLY Bullish Looks good for buying calls. Lots of room to run upwards.
BFLY is a small cap company, which can be good for momentum plays, these companies can move independently from the broader market.
Thanks for viewing!
BFLY trade ideas
BFLY HITTING SUPPORT - $20 PRICE TARGETBFLY - Current Price $ 10.23 Price Target (short-term) $12.50 Long Term $20
This company created an Ultra sound that is hand held and can give you the same images and accuracy as the ones in use in the USA. The best part about the innovation is the cost reduction. These cost under 3k while most ultra sounds cost a million +. This innovative tech will be used to bring this technology to poorer developing countries. Just reported $0.57 EPS last quarter on an annual basis that would be a PE of 4.5x which is cheap given the growth prospects for this company. Looks great on the chart as we are seeing a double bottom off that $9.80 level. Long shares and calls here.
looking weak here, id be cautious. shorts are winning the battle here on BFLY, be careful longs.. if 12.5 support breaks we can see 10 support in the near future. might be good for puts/short. goodluck, dont forget to like and follow if you enjoy my ideas! <3
BFLY Butterfly Network Inc"Ultrasound designed for the future."
"Experience a groundbreaking ultrasound solution and the world’s only single-probe, whole-body handheld device, powered by Ultrasound-on-Chip™ technology. Butterfly transforms complex processes into one connected POCUS system to help you offer better, more efficient care."-Butterfly Network Inc
That is info from their site
Bill gates loaded up on this stock last year
BFLY update.I had previously put this on a watchlist for going long. Now, I am actually thinking it's going to fall further.
I thought at this point the wedge breakout would have occurred, and since buyers haven't moved in, I think it may be headed down further.
I have seen similar setups where the wedge keeps getting tighter and tighter on the top, then finally no buyers are to be found and price plummets.
I'm not saying this is going to happen.. but if market makers are trying to hide their intention to buy they are doing it strictly and collectively.
I think I will steer clear of trading this, but I do enjoy a good case study, especially when it's not being done on me, so let's see what's in the cards.
on watch for breakoutanother potential dip entry here, need to break trendline and 21 resistance then we can target 27.
BFLY. Asking questions.Not an Elliot wave person. Just watched a video yesterday now trying to use it before I lose it.
Medical Imaging company that's fairly new. Very reasonable to say the elliot wave patterns of the larger picture are just beginning if you think the elliot waves are law.
BFLYPrevious pattern failed like many growth stocks recently, appears to be near another strong support line
ideaam taking a short on this name, i think it will go lower but be careful since we all know market loves to ignore indicators.
Patient but clear target is $30+ - Ark ETF keeps buying itShowing the 30 min for clear price action. Therefore do your own dd on the daily and 4hours chart the possibility still stands to retest the previous high just be very patient. I got the option call for April 16th/$20.
Not financial advice!
$BFLY - begin collectingAfter a long conversation with someone much smarter than myself on this stock, I decided to begin collecting the stock for LT hold.
Buying dips where I can and just growing my holdings
The changes this product brings to EMM and remote/underserved locations is life changing for those markets.
Here's their website: www.butterflynetwork.com
