UAVS, DESCENDING BROADENING WEDGE, BAT PATTERN, BULLISH DIVAs stated in the title, we had long running bullish divergence on the weekly time-frame which led to the eventual major pump today towards the retest of the 0.382 fib resistance. Now with the support built under including major moving averages as well as fib support and old resistance which should act as support now.
The green lines are the buy zone, although typical bounce of this pattern is at the 0.886 fib, it is possible to get a wick down to the lower green lines and still have the body of the candle be above the pattern making it a legitimate pattern. The reason that I think it is a possibility to get the wick down is the gap in price action that we have on the daily chart, the wick down may fill it before moving up. However, it is quite possible for it to break out from the 0.886 if some major players place some big orders there.
I would recommend laddering orders at the green lines so you may get filled at lower prices but also not miss out if it doesn't wick down.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
UAVS trade ideas
UAVS: $1.25 Positive Retracement by 2021I own UAVS stock, and nothing I say should be taken at face value. That being said, UAVS is quite a risky stock. The market cap is extremely minimal, and they are small and unpredictable given the company size. That being said, they recently seen a huge peek before dramatically crashing, and that is quite possible with asset classes such as this as a stock pick. Aerial imagery is growing as a market, and given a long term charting strategy as well as it past performance, I think a stable price target at $1.25 by January 2021, could be quite reasonable. However, I would still say this is a high risk stock given market cap and company size.
Ageagle Aerial Systems next setupAgEagle Aerial Systems, Inc. engages in the provision design, distribution, and support of unmanned aerial vehicle data acquisition drones for precision agriculture industry. Its products include RX-48 and RX-60. The company was founded by Bret Chilcott in 2010 and is headquartered in Neodesha, KS.
Reversal trade in Ageagle Aerial Systems $uavsAgEagle Aerial Systems, Inc. engages in the provision design, distribution, and support of unmanned aerial vehicle data acquisition drones for precision agriculture industry. Its products include RX-48 and RX-60. The company was founded by Bret Chilcott in 2010 and is headquartered in Neodesha, KS.
UAVS Slow and Steady ClimbUAVS is still trending upward slowly but surely. I will continue to hold and load on the dips. If you notice the trend in the last three months when it does dip it stays above the previous low dip, even though we had that spike, I am still positive that this will have a good profit in the long run.
UVAS Slight Pull BackUAVS still looks good to me for long, it is still in an upward trend even though it took a dip. I think it will hold in the .50s and close at .53-.55 EOD. I will probably add more positions either way depending on how it does AH on Monday to sit on. Very promising outlook, if UVAS could keep volume up it could make a great run.
$UAVS - Bullish Retest Of Top? AgEagle Aerial Systems, Inc. engages in the provision design, distribution, and support of unmanned aerial vehicle data acquisition drones for precision agriculture industry. Its products include RX-48 and RX-60. The company was founded by Bret Chilcott in 2010 and is headquartered in Neodesha, KS.
SHORT INTEREST
115.98K 10/15/19
P/E Current
-1.53
P/E Ratio (with extraordinary items)
-2.37
UAVS - Buyers in Market - MA Retest Can It BreakOut?AgEagle Aerial Systems, Inc. engages in the provision design, distribution, and support of unmanned aerial vehicle data acquisition drones for precision agriculture industry. Its products include RX-48 and RX-60. The company was founded by Bret Chilcott in 2010 and is headquartered in Neodesha, KS.
SHORT INTEREST
181.38K 09/13/19
P/E Current
-1.24
P/E Ratio (with extraordinary items)
-1.91
Interesting stock. UAVSOver the past weeks it has tested the .28 area numerous times. Appears to have hit bottom.
.33 is upper resistance and if it breaks out of the sideways trend, would likely find support there.
Considering "the times are changing," Hemp and "other crops" could become an extremely profitable market.
The news of the company is mostly positive. Something to keep an eye for sure!
$UAVS - low risk/reward - low float / insider buy/ accumulation$UAVS
1. recent contract news
2. Had major catalyst last month from news
3. Accumulation near .27-.30 range/ Insider buys insideri.com
4. Uptrend - making higher lows
5. low float / low volume
I think this might have another nice catalyst..
IDEA
1. buy near support area .27 - .32 (Someone is watching the tape so I would scale out at any 6-8% and rinse and repeat. / I think over .42 buyers will start to load more.
2. Set a tight Stop loss at .03 below your entry (I would do mental stop and honor it if it breaks that level).
Lots of bag holders from the last catalyst so I think this might run again.
Long term play - do your DD as I think there's growth with this company and contracts. however, it's all speculative unless the company comes out with PR to back it up.
Good Luck and play with smaller size to average down.