As you can see on the chart, the stock bottomed out in 2020 at around 0,5 $. Since then we've made higher lows consistently. Therefore I think the stock is heading in a new direction for good. Since what happened with DJI, I think the market is looking for new drone companies to invest in. UAVS had a really good run while nothing really happened with FLT. Drone technology has infinite amount of use cases. That is why I'm not too concerned with what their goal is right now but rather that they are developing quality software, which they are. If the stock can break 0,96 $ and thereafter previous high at 1,1 $, I think we could be in for a really good 2021.
Kommentera:
Even though we might be in a new trend, it seems as though we couldn't break 0,92. The stock might head back to the lower trend line at around 0,7 $ before going higher.
Kommentera:
It broke the resistance. I think there is a decent chance the stock will break out going to new highs now