REKR (NASDAQ) - 30-Min Chart Trade Setup Breakdown ! 🚀
🔍 Stock: REKR (NASDAQ)
⏳ Timeframe: 30-Min Chart
📈 Setup Type: Bullish Breakout
📍 Trade Plan:
✅ Entry Zone: Above $2.19 - $2.20 (Breakout Confirmation)
🚀 Take Profit 1 (TP1): $2.30 (First Resistance)
🚀 Take Profit 2 (TP2): $2.42 (Extended Bullish Target)
🔻 Stop-Loss (SL): Below $2.09 (Key Support)
📊 Risk-Reward Ratio: Favorable for a bullish continuation 📈
🔹 Technical Analysis & Setup:
✅ Pattern: Rising Wedge Breakout 📈
✅ Breakout Confirmation Needed: Price holding above $2.20 with volume support
✅ Resistance Zones:
$2.30: First Major Resistance
$2.42: Extended Target for strong momentum
✅ Momentum Shift Expected: A breakout could trigger a strong uptrend 🚀
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing buying volume above $2.20 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($2.30), adjust SL higher to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $2.30 and let the rest ride toward $2.42+ 💵
⚠️ Fake Breakout Risk: If price drops back below $2.19, reconsider entry ❌
🚀 Final Thoughts:
✅ Bullish Breakout Confirmed – High probability of continuation higher 📈
✅ Momentum Shift Possible – A move above $2.30 could accelerate the upside 🚀
✅ Strong Risk-Reward Setup – SL at $2.09, TP at $2.30 - $2.42 for optimal gains
📊 Trade Smart & Stick to the Plan! 🏆🔥
🔗 #LongTrade #StockTrading #REKR #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath 🚀📈
REKR trade ideas
Long REKRProbability Calculation for REKR Reaching $2
Estimated Probability: 75-80%
Breakdown of Contributing Factors:
1. Technical Analysis Indicators (35-40%)
Support Levels: The stock is currently trading near a significant support zone that has held in the past, increasing the likelihood of a bounce or upward movement.
RSI Divergence: The presence of a bullish RSI divergence suggests weakening selling momentum and a potential for trend reversal.
Trendline Resistance: If the stock breaks above the current downtrend line, it could signal a bullish shift and make $2 a realistic target.
2. Historical Price Movements and Patterns (20-25%)
Past Rebounds: Historical data shows that REKR has managed to bounce back from similar technical setups, supporting the probability of an upward move.
Price Action: Recent movements indicate that the stock is capable of achieving significant price increases under favorable conditions.
3. Fundamental and Market Information (20-25%)
Revenue Growth: The expected 54.2% year-over-year increase in revenue to $14.06 million indicates strong business expansion.
Insider Confidence: Insider buying activity and significant contracts secured by Rekor support a positive outlook and suggest insider confidence in the company’s future.
4. Short Interest Data (15-20%)
High Short Interest: The current short interest of 15.95 million shares, or 18.02% of outstanding shares, signals significant bearish sentiment but also provides potential for a short squeeze.
Days to Cover: With a short interest ratio of 17.8 days, any positive news or upward momentum could lead to a short squeeze, rapidly increasing the stock price as short sellers rush to cover their positions.
Increase in Short Interest: The 8.28% increase in short interest over the past month indicates rising skepticism but also raises the potential for a sudden upward movement if market sentiment shifts.
Combined Probability Assessment:
Technical Analysis and Historical Patterns contribute a solid base estimate of 55-65% probability for reaching $2.
Fundamental Strengths, including revenue growth and insider buying, support an additional 20-25%.
Short Interest and Potential for a Short Squeeze add 15-20%, reflecting the possibility of a rapid upward move due to short-covering dynamics.
Final Estimate: By combining these factors, the overall estimated probability for REKR reaching $2 is 75-80%. This reflects the strong potential based on technical signals, underlying business strengths, and the possibility of a short squeeze, balanced with the risks inherent in the current bearish sentiment and market conditions.
Long Rekor Systems REKR - micro cap tech, low debt, low float31 million share float. 20% short at time of post. book value quote $2.55 mkt cap 205m
Rekor Systems Inc is a United States-based company.
It is engaged in providing real-time roadway intelligence through AI-driven decisions. Rekor bridges commercial and government sectors with actionable, real-time vehicle recognition data.
The firm uses artificial intelligence to analyze video streams and transform them into AI-driven decisions.
Its machine learning software can turn most IP cameras into accurate vehicle recognition devices used to help protect lives, increase brand loyalty, and enhance operations and logistics
Its geographical segments are the United States, Canada, and Other, of which the majority of its revenue comes from the United States.
REKRWhat a break out. This GEM has been on a major run lately, only to drop off a cliff, as it may seem. But, the fact that the fall was held support by the 0.786 fib retrace level, has got me going. With a perfect retrace to that fib level, usually will come a bounce, if not a relief rally. IF the price can move up from here and turn 19.28 to support, I will be looking for a full extension to the 4.236 fib ext level. IF we break down under 7.82, I will look to enter around the 3 dollar level. BUT in my opinion, this is the time to be scaling into a position here as we may very well bounce, hard.
REKR. Long Setup. Bullish Pullback.These charts are starting to get absolutely atrocious to look at. I'm loving every minute of it.
A wise person once told me that insanity is doing the same thing over-and-over again and expecting different results. They didn't mean it as a compliment.
I'm glad they gave me that advice.
$REKR is the strongest e-car stock recently$REKR performs very good among all its e-car peers. If the price could get stuck within the range of $19 - $21 for the next one to two weeks, I plan to buy a lot of them. IN details, I will buy one portion each time the price approach $19 (assuming that the price does not dip hard and break my expected trend, of course), and will do this for at most 3 times.
No position yet, but I am watching it.
REKR: Ascending Triangle, awaiting confirmation (55%)Ascending Triangle, awaiting confirmation (55%)
Pros:
Descending volume during formation
Volume at break out
PPS above 50MA and 200MA
R/R ratio above 5
ATR ascending
RS above 0 and ascending
200MA ascending
250RSI above 50 and ascending
Target:
PT = 30.25$
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Rekor Systems Inc. - Institutional accumulation here?Rekor Systems makes vehicle ID and skip tracing technology that is used by public safety, cities, states and private enterprise to ID and process transactions for motorists.
I think the value case is here and we have the added benefit of an aggressive growth company.
Two of the standouts from their quarterly call was the co-branded insurance portal function they facilitate for Oklahoma, soon to be Florida, and a pilot program they have with MasterCard and White Castle.
Rekor Systems, new lower high or a much higher swingOk, this stock is very promising. This will go to around 3.50, when it does watch it very carefully because it might swing from there to $10, if the market looks like shit I would sell it at the trendline I drew. If market is bullish, hold your bags, even though im presenting the weekly, watch the daily for your exit.
Rekor Systems Heading for All Time HighRekor Systems, Inc. is a holding company, which engages in the provision of products and services to both government and private sector clients, with an emphasis on public safety, risk management, and workforce solutions. It also offers staffing services primarily in the aerospace and aviation industries. The company was founded by James K. McCarthy on February 6, 2017 and is headquartered in Columbia, MD.
FOMO Is Real In $REKROne of the biggest problems newbie traders face is FOMO - the fear of missing out.
Case in point is $REKR.
Now, we get in at $1.20 and rode it all the way to $5.50 a share. We saw the resistance at $5.50 and new that was where to exit.
On Stocktwits, a lot of traders are chasing $REKR looking for the next move. In all honesty, the move has already happened.
We got a 358% run in 2 months. For traders to look for more is just pure greed.
What $REKR does here at $4.20 is anyone's guess. We will say the $5.50 resistance is very strong and in going long, where does one put a stop? Below the 20, 50 or 200 day moving averages?
This is too much risk in our opinion and not enough reward.
Traders need to avoid FOMO and look for better trade setups.
That's what we do.
Good luck to all!
$REKR Rekor Systems Looks To Close The Gap At $1.72 to $1.85$REKR has popped up on our radar after 2 days of climbing the chart on nice volume. The stock is now trading above its 20, 50 and 200 day moving averages. Looking at the chart, we see that there is a gap that needs to be closed between $1.72 and $1.85. Judging by its history, we believe the stock can do it and then some.
What's been pumping the stock lately has been a lot of news flow coming out of the company about its NUMERUS™ cloud-based solution for electronic tolling. According to the company:
Numerus'™ easy to implement cloud-based solution costs less than 75 cents per thousand for greater than 5,000,000 transactions per month. Beyond reading a license plate with industry-leading accuracy, NUMERUS™ provides unique two-part authentication by instantly identifying the vehicle's make, model, color and body type along with the license plate read. NUMERUS'™ machine learning enabled software recognizes license plates from all 50 U.S. states, in addition to plates from more than 70 countries around the globe on six continents.
$REKR has just signed deals with Colorado and Northern California. Judging by the number of press releases over the past month, we expect quite a few more to hit the tape and that just might be the catalyst to close the gap.
For traders looking to take a position, probably need to place the stop at $.90 a share. We know this is big on a percentage basis, but we think the risk/reward is there. $REKR could easily be a double if it gets going as it has in the past.
As always, trade with caution and use protective stops.
Good luck to all!