Black Friday doubler UMAC from $9.89 to $19.50 so farIt hit our max take profit target 🎯👏
But still holding up nicely above $17, as long as that goes on it could be a part of a setup for a push higher.
UMAC trade ideas
UMAC - US Drone Company - Massive Growth Potential!Unusual Machines, Inc. is a development stage technology company, which engages in the provision of drone solutions with a focus on first-person view (FPV) technology. It offers products to entertainment, recreation, and competitive racing industries. The company was founded on July 11, 2019, and is headquartered in Orlando, FL.
This is a high risk idea - keep this in mind!
Shares float: 4.755M
Recent Passive Stake of 450 000 shares on August 1, 2024
Breakout Zone: $2.20 - 2.30
Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend.
Overall Market Sentiment:
Currently, the market seems to be in a correction phase. It’s crucial to consider this sentiment when making trading decisions.
Resistance Points:
$2.30
$2.80
$3.30
$3.70
Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.
Trading Strategy:
Take Profit (TP): Set a target at $4.40 after we might forming a cup and handle pattern with a second target at $8.00 (highly speculative)
Stop Loss (SL): Set at under $1.50 or if you want to give some more room under $1.00 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
