MYO a Stock I randomly pulled up and conducted some R/A

DollarSaenz Updated   
AMEX:MYO   Myomo Inc.
R/A = Research and Analysis

This stock just randomly chose to after looking at a few robotics stock. I went through a few stocks to show how I conduct my R/A and wanted to see if I could find some ideas and themes to trade. A stock that got selected was MYO. MYO is a company that sells robotic arms to people regain function in their arms and hands. Their product is called MyoPro. This stock might be able to push higher in the longer term (maybe in 2025). The technicals are not good on it. The fundamentals aren't also. And there is almost no sentiment on this stock because there is close to 0% PR on here, expect some articles talk about price movement. But, something that I saw that caught my eye is an individual in Australia used their product, was able to get their function back, and was able to benefit from the Nation Disability Insurance Scheme (NDIS) in Australia. Another that caught my eye is they are attempting to get their product approved for claims for Medicare Part B beneficiaries. If this is approved, the stock might be able to push above the $1 lvl and maybe push above the $2. So, this stock might have some promise. For now, I wouldn't get in because of the state of the economy, high inflation, and rates increasing. There are also the negatives aside from this stock almost collapsing, which is it's competitors and technologies such as Neuralink from Elon Musk.

I am not in this stock and highly likely I won't get in. This is just some research I have done and I am seeing where price is going to move and to see if I am correct.
I haven't checked on this stock until today. I was looking at my ideas that I've posted and wanted to see what was going on with MYO. I haven't conducted further research and find out if there was any other PR, but what is interesting is one of my targets was $1, and price did come close to hitting it. Doing research and analysis and seeing if your ideas pan out, even without placing money, can help a trader out. This can bring the confidence needed to have trust and faith in your trading system.
Well this would have been an awesome play if I was in it. I just came over to look as it came across my mind. I might do some more of these. But of course this does take a lot of time to do. Let's see if this thing can hit the $2. This is part of my thought that Space, robotics, A.I, and digital stocks will be the next big stocks that potentially replace the leading stocks now.
Trade closed: target reached:
Looks like price hit past were I thought it might go. Would have been a good play. But you win some and lose some and don't get in some.


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