$SSFT Short term price action until $1Sonasoft corp was first discovered by retail traders in January and since then it's been rising steadily. Current bear market brought it down about 40% since recent high at 0.40 but we know that this is a temporary dip. As the market gets back on its feet SSFT will continue on a similar path that I've drawn on the chart.
Sonasoft was not really aware of this increasing investor interest but recent new PR showed that traders are demanding more communication and transparency from the company and Sonasoft will be increasing its communication and marketing in the coming weeks.
"Shareholders can expect the following IR initiatives to be implemented by the end of the month:
1. Updated IR page: We will be updating the Investors Relations page on our website. The new IR section will include quarterly and annual financial reports, SEC reports, press releases, investor presentations, IR contact information, stock information such as stock quotes, charts, and other resources as they become available. We will also include a sign-up form for investors to receive periodic information via emails such as newsletters, blog posts, updates, and notifications of upcoming events.
2. More frequent corporate communications from the Company relating to material events and business developments.
3. Increased media presence and management to make the time for interviews/articles with various outlets.
4. The Company intends to begin hosting Quarterly shareholder conference calls later this year."
If you consider that it's gone up this much only by investors' research, upcoming PR as in news, deals, financial reports will have multiplying effect.
Company has ongoing client agreements with Google and Fidelity that hasn't been reflected in the financial reports yet.
They are adding new team members in the AI engineering department and have a working Proof of Concept for their flagship product NUGENE with Delaware Electric Company.
The future of Sonasoft is expansion along with the AI market and finally an acquisition by one of the giants once it establishes key technology and client list firmly.
Company is in good financial condition that's why this a safe investment among risky penny stocks.
Currently it's oversold on 4h chartwith VIX indicator showing the bottom and CMF divergence formed at this level.
First resistance is at recent high at $0.40 then comes the previous high at $0.49-0.50
after that fibo 1.618 falls at 0.78 when 0.5 is broken. And finally $1
I expect all of this to happen in the span of 2 months. If market continues to steadily rise until then, SSFT will be on of the best stocks benefiting from that influx of cash in to the market.
Please do your own DD this is just some technical analysis to predict a possible scenario.
Sonasoft
$SSFT The Undervalued AI company This silicon valley company is finally ready to soar. After 2 years of preliminary work for AI tech along with 3 acquisitions they are ready to monetize their Flagship product NuGene AI.
Movement in the stock started after new years and since then it's rising ona steady path. Daily volume is increased lately but still low even for a penny stock. Higher volume means higher price in this case.
Chart shows a great opportunity after the last dip.
Currently both Stoch and MFI indicator hit the bottom. Another bottom indicator VIX fix showed us tall green bars signalling the bottom. And Average Sentimnt Oscillator(AOS) shows us that the buyer sentiment is rising sharply.
Lastly TD sequential marked 8th and 9th steps on the chart signalling a reversal here.
Good are to enter...
If it breaks down this rising channel it might fall down to 0.10 level. But that doesn't seem likely given that there are big buyers between here and there.
