Been bullish since I first posted about them in july 2020 - fundamentals are strong, chart looks good. I think the market underestimates the potential for dramatic increases in customer base as well as current customer usage. Respectable amount of cash on hand vs cash burn.
Not my focus but as a side note wouldn't be surprised to see a larger player attempt to acquire PD.
Company positioned strongly for growth. Current climate accelerates this potential dramatically.
PD chart initially reminded me of the early months of TWLO .
Wouldn't be surprised to see a significant breakout occur near the 39-40.50 range.
Long Term expecting this to revisit 20$+
Short term -- The Harvest is here, take profit.
Was slightly surprised to see it push into $10 - I had thought we would see a more immediate sell off in the $9.xx then we have.
Resistance "A" acted a bit tougher to break through then I had expected, & I feel that we are likely to see similar struggles around...
I believe we are in store for a bullish earnings - Good amount of cash on hand + possibly hit slight profitability -
June 28 volume was impressive & feels to me like a sign of insiders expecting strong earnings.
With this in mind, I feel it creates the case to see post earnings price action $8.54-8.77 -- with a real possibility of testing into $9-9.27