PMED trade ideas
Evil Idea, Evil Company, Free MoneyPMED serious ties to Deep State in India also McGill. Whale buying today at close. Something's up. I am in for the ride. Falling wedge breakout.
oversold bounce in a wedgeThis is an AI technology that detects symptoms of the flu and covid, so it will be used as a screening tool in public spaces and are partnered with other companies to set up safe entry stations at simon's malls in texas , in particular there was a recent news release . It has a decent amount of insider buying at 0. 5 . But it has other things as it's essentially an AI that detects a set of symptoms such as depression, Alcohol/Cannabis use. So it's not a pure covid play
They also have a news release of partnering with with Paras Defence & Space Technologies Ltd. ("Paras"), which is India's most progressive Tier 2 Defence Engineering Company to target the government and the public sector market in South Asia. I think this is the big one, as in asia there are so many people and they will likely need someway to screen a mass of people, but AI will be necessary.
As for technical
Here we can see there its in a wedge retracing over 70% , and for the 195 candle we are at oversold conditions entering back , of course there could be some bullish divergence forming, so watch for that. there is some support at .3 and for the most part it is likely over due for a bounce soon.
