WM Technology | MAPS | Long at $1.00WM Technology NASDAQ:MAPS provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally. After it's de-SPAC in 2020, it soared to $29.50 and now can be found for around $1.00. It's been consolidating at these lows for almost two years, and it may be gaining algorithmic traction for a move soon based on my selected simple moving average (SMA). Often (but not always), when this SMA gets close to the price, there is a pop to the historical SMA. Currently, it is in a personal buy zone at $1.00.
Target #1 = $1.50
Target #2 = $2.00
MAPS
MAPS a technology and marijuana penny stock LONGMAPS on 240 minute chart is now in a significant breakout with spiking volume and dramatically
increased relative strength. The breakout was caused by the news that the Biden administration
and specifically VP Harris will now push to legalize marijuana and take it off the DEA's
controlled substance schedule which if legislated and enacted will buttress the Biden/Harris
ticket and help the marijuana sector free itself of certain regulatory encumbrances which will
invigorate related stocks. MAPS is a fintech app that includes advertising and helps users
locate and compare dispensaries. I added 200% to my existing position with the news.
I will add another 100% if price can get over the trendline it sits under and stay over it
for a day. My other holdings in this subsector OGI and ACB have have the best 2 or 3 days
in a long time. Will watch for signs of a momentum fade but continue to add to positions
in the meanwhile.
WeedMaps is undervalued WeedMaps technology has the potential to become the Uber equivalent for the cannabis industry, primarily because of the substantial customer base already associated with Weedmaps. This stock seems poised for growth, especially considering the global acceptance and legalization of cannabis, as well as the evolving technology itself. It presents a promising opportunity, and I'm personally considering it as a worthwhile risk for investment.
#MAPS targeting $4.983 by 1st May 2022With countries gearing to open up soon with vaccination in full drive, apps like maps.me will be extremely profitable.
Users will travel more. And search & discover, tourist guides and navigation available offline all over the world will be a key component.
1,432,096 RATINGS getting 4.8
Alameda Research already invested $50 million direct investment in travel app Maps.me & $40 million investment in decentralized finance protocol Oxygen, a Solana-based lending platform that plugs into the app.
140 million downloads already
60 million users
Highly undervalued
Maps is similar to google maps fused with benefits. This might skyrocket. It is time to buy coins like this for a potentially huge return by next year.
If you consider Google Map to be extraordinary, maps.me is extra extraordinary.
Technical Analysis:
Aladdin indicator has called buy on $MAPSUSD