$Laser Photonics (LASE.US)$ you see this chart pattern in ma...
$Laser Photonics (LASE.US)$you see this chart pattern in many small cap and large cap stocks for that matter where momentum takes over you have this velocity effect that everybody is chasing and stocks get catapulted to astronomical levels.
ultimately it's not sustainable and smart money moves on and the rallies get less and less.
this is the exact chart pattern with this company
the euphoria phase has ended, the omg I fked phase is over.. and now we're in gradual accumulation.
I think the future for this company realistically is their counter drone technology which is still in its infancy there's no physical product yet everything is a CGI image that they show. what this means is sometime this quarter. there's a very good chance that they will have in actual development their new technology something that is in physical form where they could test it show videos show it functioning and begin to get business/ sales contacts from that segment.
I'm not the type of person that likes to chase stocks there's a lot of momentum investors and if you're able to surf that wave and catch it you can make a lot very quickly I'd rather personally position myself ahead of the crowd follow a company wait for the news to begin to swell and build up and at that point you already established an initial position time is on your side you let the market come to you.
I think that's where we are with this company I touched on it last week where I thought a good entry point would be obviously Friday was a huge up day and every stock lifted. I think there's enormous Market awareness about this company now from them advertising on CNBC when they started it was a 50-60-cent stock last year. now it's just something to company to execute and you will see several more spikes coming in the near future on news announcements.
typically after a stock follows this life cycle the chart that you see posted it takes a lot of really good news to get it moving again.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more