Infobird Co., Ltd operates as a software-as-a-service (SaaS) provider of artificial intelligence (AI) enabled customer engagement solutions in the People's Republic of China.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $5.07; stop-loss — $3.87.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Earnings on August 8. If good, which I anticipate, this stock should go to the $8 area. My forcast for Jan. '22, if total market does not collapse, is $12-15. The recent sharp run-up was part of a pump and dump by the MM, and should be ignored. Stock is being shorted, but good earnings should help that. The low float makes this stock very subject to shorting and manipulation, but knowing that going in can help you time trades to build up a long term position.
In the Chinese cloud market IFBD could be the Chinese version of ZEN in 4-5 years, 3 splits later. Only Chinese companies will be allowed on the Chinese cloud services. China is currently building out it's cloud and early stage companies like IFBD have a significant head start in grabbing market share.
In the Chinese cloud market IFBD could be the Chinese version of ZEN in 4-5 years, 3 splits later. Only Chinese companies will be allowed on the Chinese cloud services. China is currently building out it's cloud and early stage companies like IFBD have a significant head start in grabbing market share.