oversold bounce in a wedge
This is an AI technology that detects symptoms of the flu and covid, so it will be used as a screening tool in public spaces and are partnered with other companies to set up safe entry stations at simon's malls in texas , in particular there was a recent news release . It has a decent amount of insider buying at 0. 5 . But it has other things as it's essentially an AI that detects a set of symptoms such as depression, Alcohol/Cannabis use. So it's not a pure covid play
They also have a news release of partnering with with Paras Defence & Space Technologies Ltd. ("Paras"), which is India's most progressive Tier 2 Defence Engineering Company to target the government and the public sector market in South Asia. I think this is the big one, as in asia there are so many people and they will likely need someway to screen a mass of people, but AI will be necessary.
As for technical
Here we can see there its in a wedge retracing over 70% , and for the 195 candle we are at oversold conditions entering back , of course there could be some bullish divergence forming, so watch for that. there is some support at .3 and for the most part it is likely over due for a bounce soon.
They also have a news release of partnering with with Paras Defence & Space Technologies Ltd. ("Paras"), which is India's most progressive Tier 2 Defence Engineering Company to target the government and the public sector market in South Asia. I think this is the big one, as in asia there are so many people and they will likely need someway to screen a mass of people, but AI will be necessary.
As for technical
Here we can see there its in a wedge retracing over 70% , and for the 195 candle we are at oversold conditions entering back , of course there could be some bullish divergence forming, so watch for that. there is some support at .3 and for the most part it is likely over due for a bounce soon.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.