UAVS has earnings on the 5th of August. Has a history of running before earnings and the day of. Lowest PT would be 3.90...Highest 5.15.Currently needs to hold above $2.70 resistance. Analyst prediction below.
Ageagle Aerial Systems Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 103.37% during the next 3 months and, with 90% probability hold a price between $3.65 and $7.64 at the end of this period.
What do you see happening if it doesn't hold the $2.70 resistance?
Sahmlife_30
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@Klau193, I’d be surprised if it didn’t. Their earnings report should be good if they genuinely have some sort of contract with amazon. If we dip below, second support isn’t to far below us to catch a fall.
Klau193
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@Sahmlife_30, Agreed, I think the fact that its a contract with any E-Commerce company is a plus regardless if it'z Amazon or not. They also have that contract with FL. This is a longterm investment I believe.
Kali_Dreamer
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@Klau193, It is a long term investment no doubt. Large scale adaptation of drones is not yet here. A couple more years and we'll see a bubble like the EV's of 2020