POET BULLISHThis is an excellent long opportunity, supported by both the trendline and the support line, alongside a rebound in AI stocks.
Short-term target prices: $5 / $6
PTK trade ideas
Is $POET the next AI RUNNER?! 86% UPSIDENASDAQ:POET
A great looking H5 Setup that just needs a breakout!
Warning: High Risk/ High Reward Small Cap
-H5 indicator is GREEN
-Pennant breakout that needs a retest. Measured move is $6.13 which puts us to a breakout of the Cup&Handle!
-Williams Consolidation Box needs to create support and bounce in order to be live! A big pullback to retest the Pennant breakout then bounce would be a perfect area for an entry into this trade.
-Large Volume Shelf with nothing but SPACE above.
📏$6.13 🎯$7.75 📏$11
Not Financial Advice - NFA
AI stock POETAI Stok POET is back down to the 50sma. The previous 4 times its retraced to the 50 its gone up quite quickly to exceed previous highs. If this repeats it could surpass $6.50
well....lets try thisPOET....on the cusp of technological greatness....if anyone can understand what they have to offer!
I'm a chart idiot...have had some success and failures. I'm not a fan of gaps unless they follow news. POET has a couple gaps as it ripped out the gate. I'm on CEO.ca...the banter there would make your eyes bleed by people who think this is ready t take over for Microsoft or something like that.
It's a slick set up, it's possible they can get some major traction...but it's more possible right now it's too early. I'm watching it for closing those gaps before jumping onboard. I'll refresh weekly if I remember.
Anyone else out there working this potential gem?
POET Looks Ready Pattern Formation
A clear symmetrical triangle pattern has formed since October 2024, characterized by:
A descending trendline forming the upper resistance
An ascending trendline forming the lower support
Price consolidation with decreasing volatility as the pattern progresses
Key Price Levels
The pattern began after a significant price spike to around $5.50 in early October
Current price is consolidating around $4.10
Support level established around $3.50
Resistance trending down from $5.50
Volume Analysis
A notable volume spike occurred during the early October price surge
Volume has been generally declining during the triangle formation
Recent trading shows relatively low volume, typical of a consolidation phase
Technical Significance
This symmetrical triangle pattern typically suggests a period of consolidation before a potential breakout. The convergence of the support and resistance lines indicates a decision point is approaching, where price will likely break either above or below the pattern. The pattern is expected to resolve by late November to early December 2024, based on the triangle's apex.
POET Longin uptrend, trendline break + retest + trendline break + retest
Long 3.9
Stop 3.5
Target 5.5
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
For non-Pro option traders, better buy ITM options and keep 90+ days.
I will try some samples to test my chart reading and OP strategy:
"Buy in the money (ITM) calls in daily uptrend, and keep 400 days. "
CAN price 1.6 11/19/2024
BuyToOpen Jan2026 Call C1 Limit 1.0 (C1 Delta 0.87 , 422 days )
ITM C1 has 0.6 value.
OPK price 1.6 11/20/2024
BuyToOpen Jan2026 Call C1 Limit 0.65 x2 (C1 Delta 0.85 , 421 days )
ITM C1 has 0.6 value.
POET - LONGStock traders may advise shareholders and help manage portfolios. Traders engage in buying and selling bonds, stocks, futures and shares in hedge funds. A stock trader also conducts extensive research and observation of how financial markets perform. This is accomplished through economic and microeconomic study; consequently, more advanced stock traders will delve into macroeconomics and industry specific technical analysis to track asset or corporate performance. Other duties of a stock trader include comparison of financial analysis to current and future regulation of his or her occupation.
POET: A Technical Play with Fundamental RisksThe recent announcement of POET Technologies, Inc.'s ( NASDAQ:POET ) collaboration with Mitsubishi Electric on September 19, 2024, suggests greater upside potential for the company. Given the current trend, the stock could reach $6-7 per share by year-end.
Over the past year, the stock has risen 56%, with a 377% increase year-to-date. Despite this strong performance, there are several risks to consider:
• Negative net income (the company has not been profitable)
• Frequent stock-based compensation (a 39% increase in shares outstanding since 2020)
• Negative operating cash flow
• Regulatory risks related to business operations in China
While there is potential for substantial price growth, it does come with risks. I think starting with a small position and monitoring the technical and fundamental developments is the best way to play this opportunity.
POET - epic moves tgt $14-15This is one of my favorite new ideas, though it's not real new; I just never made the idea for it, so this is more of a journal entry at this point.
I operate in the esoteric realms, fyi, so this will sound cuckoo. It came from "spirit", basically back in August. I knew it would be up, and took awhile, but is banana mode now. All my work is based on dowsing with a pendulum btw, so there's rarely anything technical in these ideas just so you now.
Yesterday it was up 40% and was up 25% earlier today. Still up 20% late afternoon. Yesterday it did say this would be up and back down, and I still get to be aware it's going back down, but from what high?
I believe it's eventually going to the $14 area. I ask for the date and get a date of Oct. 24th. These dates are hit and miss for the actual target being hit, but often mark some kind of reversal or price move. I don't want to see it give up the 50% of this rip up. I'm expecting to get more of these kind of stocks on the regular.
POET Technologies Surge 12% on Mitsubishi Electric CollaborationPOET Technologies Inc. (NASDAQ: NASDAQ:POET ) has partnered with Mitsubishi Electric Corporation to co-develop next-generation 1.6T and 3.2T optical engine chipsets. These highly advanced optical chipsets, designed for pluggable transceivers, will enhance data connectivity in the rapidly expanding artificial intelligence (AI) and hyperscale data center markets. Following the announcement, POET stock spiked by 12% in premarket trading, marking renewed investor interest in the company's potential.
A Game-Changer in AI Networking
POET Technologies (NASDAQ: NASDAQ:POET ), known for its pioneering work in photonic integrated circuits (PICs) and its optical interposer platform, is uniquely positioned to address the growing demand for high-speed data transmission in AI and data center applications. The company's collaboration with Mitsubishi Electric, a leader in 400G Electro-absorption Modulator integrated Lasers (EMLs), promises to produce cutting-edge 3.2T optical engines. This partnership will combine POET's ability to integrate EMLs, optical waveguides, drivers, and other essential components into a cohesive platform.
As AI and cloud computing become more data-intensive, the need for high-speed optical connectivity has skyrocketed. According to LightCounting, the global optical transceiver market for 800G and 1.6T solutions is set to grow at a remarkable compound annual growth rate (CAGR) of 33%, ballooning from $2.5 billion in 2024 to $10.5 billion by 2029. This positions POET Technologies (NASDAQ: NASDAQ:POET ) to capture significant market share, as its innovative optical interposer platform offers substantial power efficiency and cost advantages. CEO Dr. Suresh Venkatesan noted the importance of the collaboration with Mitsubishi Electric, stating that their technology will be key to fulfilling the needs of AI networks and hyperscale data centers.
Mitsubishi Electric, on the other hand, aims to leverage POET’s platform to integrate its cutting-edge EMLs, thereby driving new product development in advanced optical-electronics convergence. The completion of these innovative 3.2T optical engines is expected by early 2025, with demonstrations slated for the first half of that year.
Technical Outlook: Bullish Momentum Building
POET Technologies (NASDAQ: NASDAQ:POET ) has not only attracted attention with its strategic partnerships but also from a technical analysis standpoint. As of today, POET stock (NASDAQ: NASDAQ:POET ) is up 11.55% in premarket trading, showing significant momentum. The stock's chart reveals the formation of a bullish symmetrical triangle pattern on the daily chart, indicating the potential for continued upward price movement.
The stock's relative strength index (RSI) sits at 56, a neutral reading that suggests there is still room for further gains without being overbought. The symmetrical triangle pattern, often a continuation pattern, implies that the stock could break higher if the current uptrend continues, supported by strong volume and positive news from the collaboration. Investors are closely monitoring this stock for a breakout above key resistance levels.
Further technical indicators, such as moving averages and trading volume, are also showing positive signals. If the stock can sustain its momentum, it may soon test higher resistance levels, which could attract more buyers into the market.
Conclusion: A Strong Bet on AI and Data Connectivity
The partnership between POET Technologies and Mitsubishi Electric is a significant development in the optical transceiver market, especially for AI and cloud data center networks. With the optical engine chipsets expected to be completed by 2025, POET is well-positioned to benefit from the rapidly expanding demand for high-speed data connectivity.
From a technical perspective, the stock is poised for further gains, with key technical indicators showing positive signs. Investors looking to capitalize on the growth in AI networks and cloud computing may find POET Technologies an attractive opportunity. As both fundamental and technical factors align, POET could be a strong play for the long term.
Stock Market Logic Series #10Do you think the above is a coincidence?
There are no coincidences in life - only cause and effect.
You are where you are because of a cause that is bound to physical and natural laws.
The same pressure of physics that works on the airplane wing, or the balloon that wants to push its way up when pressed into water (pool), also works in the stock market.
You just have to KNOW how to SEE it. follow my explanation.
If you follow the price action, you can see clearly where the high-pressure volume comes in, you can't miss it. It is obviously seen.
Then you need to wait for the correction, and you want to see that the correction is demonstrating a low-volume pressure behavior.
When you see this low volume pressure behavior, the stock has DRIED UP.
This DRYING-UP effect is a key indicator of a probable future LIFT and stock movement.
You want to ask yourself the question:
Why the stock is not falling down anymore?
The question of "WHY" is searching for the cause BEHIND the stock movement.
The stock movement is only the effect!
In previous posts, I explained the other LOGIC behind this pattern, and explained why the price should not fall down and with a high probability of going up.
If you read any of the books of Jesse Livermore, he clearly states that you need to "KNOW" that the stock will move your way, first let the market "SHOW YOU" exactly what will happen, and only then you put in a trade.
The KEY CONCEPT in this idea is the DRYING UP OF VOLUME.
When you understand the WHY behind the stock movement, buying and selling are emotionless.
The focus should be only a trading setups that you "KNOW" it is highly probable to move in your expected trade direction. You "KNOW" because you have stock market LOGIC to back it up.
If you want a specific post about Jesse Livermore's trading rules, let me know in the comments.
It is always important to make sure that you have the correct perspective on the stock market, otherwise, you get confused. There is only at every given time only ONE side to the market as Jesse Livermore said, "The RIGHT SIDE". This goes back to my idea, that at every given time the puppet master ONLY buys or sells but NOT BOTH.
POET $39 Target - New Highs coming? To reach 1.618 POET a newly listed NASDAQ stock that owns over 79 patents with 12 pending for manufacture of photonic semiconductor chips.
First wave almost retraced fully which means the third wave or fifth wave will hit the highest fib channels. Aiming for 1.618 for this one.
Not financial advice
PTK breakoutIndicators are on the rise, price broke above the last high and volume is up. My target is on the chart
PTK.CA: Bullish FlagBullish Flag
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 8
200MA ascending
250RSI above 50
If confirmed:
PT = 1.24$
