The_Trend_Master

New trend for the stock

Long
TSXV:FLT   DRONE DELIVERY CANADA CORP
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.
Comment: 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.
Comment: It broke the resistance. I think there is a decent chance the stock will break out going to new highs now

Comments

Just completed the handle :-)
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I have been holding this as a LTI for years, and will continue to do so. Having mentioned that, I agree with what you're saying! Its repeating its cycle from the past when it ran from 0.45 to 2ish before cooling off till recently, due to whats going on around us.

Just followed you, keep up the great work!
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Update us sir!!!
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@Dan902839, well basically everything is going according to the plan. I still believe FLT is undervalued when you compare the company to its peers. The certification of the condor could come any day and make headlines in the tech/drone industry and result in those LOI's turning into contracts very quickly. With these catalysts combined, and FAA making it possible to fly drones at night already on march the 1st, I don't think there is anything holding this stock back quite frankly. I'm going to be careful the price target because this has become a little bit more speculative but +4 $ is in my view very possible within two months
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Dan902839 The_Trend_Master
@The_Trend_Master, thanks for the update my friend :)
+1 Reply
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