NASDAQ:GFAI Guardforce AI Co., Limited
GFAI I have watched this stock drop over the last year and was wondering when it would bounce. Jan 3rd 2023 it broke over the 200 EMA that it dipped below back in Sept of last year. But honestly it never really sustained any real time above the 200ema. So this movement is a change in character compared to its movements over the last year. Volume is up 6x more than the avg daily volume of 2.9Mil which is growing as when I started writing this it was only 5x. The float is 41.19 mil not super small but not large by any means. I would like to see this hit .51 cent for a short term goal and I think it could .67 cent for a slightly longer term goal. Just like in any recession things burn down and after a forest is burned down new things start to grow in place of it.
At this point 9:24 am 1/18/23 I am looking for that 45 degree move as its finishing reaccumulation in the last 10 candles you can see its already made a small one and dropped toa new low (final dip to acquire remainder of float) and started a second