Triangle break-out with great potential upon special situation
Triangle is now being formed as a wave 4. I expect it to break out and finish impulse wave slightly above wave 3 highs. Up to 30% gain here if entered at 0.89$ or so.
This company is now interesting not only because of Elliott Wave applied - it has specific business situation. Parker Vision produces complex radio chips that are patented in early 2000's. Company even employed strong patent firm to protect its IP. Later many companies started to use their technology without being licensed under their patents. Lately, PRKR issued a few infringement claims.
One of them is against QCOM who in their internal emails said that it would really difficult to use PRKR technology without stepping on one of their patents. The hearing of the case is scheduled in the first half of 2025 with compensation requested multiple times higher than PRKR capital.
In case their claim is successful, the company will get over 1B.
This company is now interesting not only because of Elliott Wave applied - it has specific business situation. Parker Vision produces complex radio chips that are patented in early 2000's. Company even employed strong patent firm to protect its IP. Later many companies started to use their technology without being licensed under their patents. Lately, PRKR issued a few infringement claims.
One of them is against QCOM who in their internal emails said that it would really difficult to use PRKR technology without stepping on one of their patents. The hearing of the case is scheduled in the first half of 2025 with compensation requested multiple times higher than PRKR capital.
In case their claim is successful, the company will get over 1B.
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