MARK unique opportunity (cup and handle)
Updated
Remark Holdings released a PR about 9 days ago indicating that multiple establishments have decided to use their thermal imaging AI temperature screening equipment and software.
"We are proud that customers such as casinos, entertainment venues, government agencies, hospitality organizations, industrial operations, law enforcement, and retail establishments have placed their trust in our AI-based thermal products to function as part of the solution for reopening the U.S. economy," stated Kai-Shing Tao, CEO of Remark Holdings. "Our solutions provide touch-free access control and monitoring, as well as accurate temperature measurement and the ability to scan as many as 120 people per minute, a rate that is approximately 10 times faster than manual checks. Our solutions also filter out non-human heat sources and provide security personnel with real-time alerts with photo identification."
This PR coupled with multiple tweets by the company in the past month, indicating that REMARK HOLDINGS has been aggressively pursuing customers for their AI thermal scanning solutions, indicates to me a unique opportunity for REMARK HOLDINGS revenue to grow significantly due to the major increase of demand for such technology. One tweet is of REMARK HOLDINGS setting up their technology at both WYNN and ENCORE casinos. Another tweet is of their technology at Raiders stadium in LAS VEGAS.
"We are proud that customers such as casinos, entertainment venues, government agencies, hospitality organizations, industrial operations, law enforcement, and retail establishments have placed their trust in our AI-based thermal products to function as part of the solution for reopening the U.S. economy," stated Kai-Shing Tao, CEO of Remark Holdings. "Our solutions provide touch-free access control and monitoring, as well as accurate temperature measurement and the ability to scan as many as 120 people per minute, a rate that is approximately 10 times faster than manual checks. Our solutions also filter out non-human heat sources and provide security personnel with real-time alerts with photo identification."
This PR coupled with multiple tweets by the company in the past month, indicating that REMARK HOLDINGS has been aggressively pursuing customers for their AI thermal scanning solutions, indicates to me a unique opportunity for REMARK HOLDINGS revenue to grow significantly due to the major increase of demand for such technology. One tweet is of REMARK HOLDINGS setting up their technology at both WYNN and ENCORE casinos. Another tweet is of their technology at Raiders stadium in LAS VEGAS.
Note
You can find these tweets at their twitter "REMARK HOLDINGS". Trading view will not allow me to post them.Note
Broke $1.20 this morning. Expecting upside continuation. Thermal Cameras all over the news. Expecting updates from management soon. $.95 - $1.07 is loading zone. Expecting major upside from Mark with official announcement of partnerships. Recommend always use stop loss when dealing with penny stocks.Note
$1.60 now. Strong resistance in the 1.70s might struggle to push through here, if it break $1.85 then $2 is very feasible.Trade closed: target reached
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