POET Technologies Inc. stock discussion
POET The most likely scenario is a breakdown from the rising wedge with initial support at the 200 day ema approx. $2.24 with an anticipated bottom at $1.68 and a potential spike to $1.58.POET Fundamentally Poet is worth sub $1... Their revenue estimate is 50k not 500k. It needs a significant Revenue Shot in the arm for a $5.00 valuation. They just can't get any traction and investors are shying away with under 1 million shares trading hands daily. My targets are in black. depending on the financials it may just run for 4 or 5 days but the financial barrier will crash it back down. Right now I'm not overly confident that they can pull a rabbit out of a hat.
POET This imho is a safe 38% gain as a breakout from $2.60. 57% would be exceptional. Volume will be the key and right now there is more interest than there has been in several years.