GFAI Continuation into Week of April 4th
I am looking for this to break $2 next week and here are my thoughts on it
- Uptrend has been trucking a long nicely over the past couple of weeks.
- There was news from 3 days ago that touched on their expansion to Dubai & Australia prompting positive sentiment
- There was positive earnings reported 2 days ago that added to the bullish sentiment of this stock (Guardforce AI Non-GAAP EPS of $0.10 beats by $0.20, revenue of $35.15M beats by $0.15M)
They are positioning themselves for growth and with recent technical and volume, I believe there is more to be had here. A break of $2 is where I will scale back a piece of my position as I don't like to get too greedy. But I plan to let at least 30-40% of my position ride and see where it goes from there. If we can break and close above 2.30 I think this could go further. Last high of 2.28 was back in December of 2021.
This is just an idea that I am playing with and not financial advice.
Guardforce AI Co., Ltd. engages in the provision of cash solutions and cash handling services. Its services include cash-in-transit, dedicated vehicles to banks, ATM management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions. The company was founded on April 20, 2018 and is headquartered in Bangkok, Thailand.
- Uptrend has been trucking a long nicely over the past couple of weeks.
- There was news from 3 days ago that touched on their expansion to Dubai & Australia prompting positive sentiment
- There was positive earnings reported 2 days ago that added to the bullish sentiment of this stock (Guardforce AI Non-GAAP EPS of $0.10 beats by $0.20, revenue of $35.15M beats by $0.15M)
They are positioning themselves for growth and with recent technical and volume, I believe there is more to be had here. A break of $2 is where I will scale back a piece of my position as I don't like to get too greedy. But I plan to let at least 30-40% of my position ride and see where it goes from there. If we can break and close above 2.30 I think this could go further. Last high of 2.28 was back in December of 2021.
This is just an idea that I am playing with and not financial advice.
Guardforce AI Co., Ltd. engages in the provision of cash solutions and cash handling services. Its services include cash-in-transit, dedicated vehicles to banks, ATM management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions. The company was founded on April 20, 2018 and is headquartered in Bangkok, Thailand.