Short BURUA short at 0.3056 to 0.2614 with the necessary risk management will bring a 14.44% returnShortby KyleUK1
BURU - Technical Bottom PlayNuburu Inc is a leading innovator in high-power, high-brightness blue laser technology that is focused on bringing breakthrough improvements to multiple markets, including e-mobility, healthcare, and consumer electronics via a broad range of high-value applications that include welding and 3D printing. It is currently shipping blue laser systems for applications such as EV batteries, large screen displays, and cell phone components. Disclaimer: The information provided here is for informational purposes only and is not intended as financial advice. Investment Overview (As of 03/05/2024): Shares in Float: 19.51 million Relative Volume: 1.33 Technical Analysis: Observation: This investment is predominantly a technical play, showing a consistent uptrend and a gradual increase in trading volume. Critical Resistance Levels: The price must break $0.25 for further upward movement. Key resistance levels to watch are $0.37, $0.44, $0.52, $0.78, and $1.00. Breaching these levels may signal further upward momentum. Trading Strategy: Take Profit (TP): Aim to take profits at around $1.30 to optimize returns. Stop Loss (SL): Place a stop loss just below $0.17 to limit potential losses. Chart Analysis: For a detailed visual analysis, including trend lines and price movements, refer to the accompanying chart. Trading Caution: Choose a strategy that aligns with your understanding of the market and personal risk tolerance. Conduct thorough research or consult a financial advisor before making trading decisions.Longby meitshelUpdated 227