AI closing its triangle: Bull opportunity?
Updated
Sometimes when a stock closes a triangle, it spikes up. However, we already saw DIA supermarkets that did not make this many-investors' wish come true (and I talk about before all this pandemic set in). In this company, there has been recent "good" news (by many investors) that its president will leave his chair. And he leaves with 2.2 million debt owed to the company, besides colouring the company all in red losses during these last years. As annual meeting is getting closer and an increase in capital is going to be approved, news about the company might appear between June 18 and 23. The company is also making disinvestments on business areas that are not strategic. It wants to focus on collaborative robots and the hyperloop. According to Diario de Cadiz (29/02/2020), Airtificial set its objective to initiate business activities in India since it believes the country will be the third one worldwide in the components production industry. In 2019, Airbus hired the firm to help it make the A350. However, these works may end due to disinvestment and focus on robotics. All in all, AI has a lot of potential but right now, from an investor point of view, you might just want to speculate on the share price and once there are good news about the company then get in and maintain your position. Short term, might be long due to volatility.
Buy target 0.043-0.048
Sell target 0.09-0.11
Buy target 0.043-0.048
Sell target 0.09-0.11
Note
However, it is true that after capital increase the company's debt might be so reduced that it can ask for an ICO-covered loan (state covered) without a problem. This could lift the stock price until 0.14 in 3 months time. But keep in mind that this pandemic may change the course of history and with it, the course of this company once it's been restructured and cleaned up of debt.
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