Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NYSE:SMRT ...
I believe this code is at a point of potential volatility.
If price can hold above $3.29 ... Bullish potential may be unlocked.
My key upside targets include:
- $4.12 (Conservative)
- $4.84 (Medium)
- $5.75 (Aggressive)
...
SmartRent offers a home automation platform for property managers and renters.
While this is not a pure play on artificial intelligence, it somewhat fits into the AI/tech /software theme we see playing out.
It is only about $4 a share, but the company market cap is $770 million. This is not a longshot penny stock with no sales.
After consolidating in the $2-$3...
Applying Fib retracement to each wave that makes up cycle modeling. This approach is perfect for figuring out hidden levels especially when dealing with a chart with lack of data.
Fibs collide and coincide into levels which might play out. The psychological prices are determined by the fusion of Fibs.
with such system we can confirm that 0 and 1 is placed correctly.
Hello Price Action Traders! SMRT just made an inverted head and shoulder and we will see if it will going to break the resistance level. After it breaks the resistance, it will create a swing point or pull back (retracement) where we can enter a position or go long.
If you like my idea, please hit the thumbs up button : )
