Low conviction play at $3.39.
Was looking through EPs and this bullish chart stuck out to me. I did some digging to find out the reason for it and found out they announced a google partnership. The price blasted up a 150% EP closing candle that had a 189% high on the date the Microsoft news was dropped. Pretty strong. There was also a 345% daily candle back in April of 2023!!!! The price action has now retracted below the open of the last EP candle and I believe this is a solid price to hop on. The price action is getting tight with low volume. All of the moving averages are converging and this could pop off in a relatively short period of time. It’s forming a cup and handle so we’ll see, whenever and if ever that breaks out.
Btw, I have not seen any news articles or chatter about any of these other 20 fortune 1000 companies anywhere. I had to dig into the earning call transcripts to find that.
“This platform has been developed in collaboration with leading AI companies in the tech ecosystem in Silicon Valley, and we’re excited to partner with Google Cloud as we scale our business to the next level. We’re excited to report a 24% increase in annual recurring revenue from 2022 to 2023. This has been fueled through our major customer wins this last year, especially those two Fortune 1000 wins this last quarter. We’re proud to have some of the largest logos of the world as our customers and our partners that are at the leading edge of the workplace transformation. More than 20 of them are Fortune 1000 companies who are scaling with us with new deployments globally every day.”
This partnership seems pretty legit. Not sure why a company with type of partnership and 20 other fortune 1000 companies customers only has a market cap of 51 million. I guess not much revenue yet, but I don’t believe they’ve fully deploy their app yet until later in 2024.
Was looking through EPs and this bullish chart stuck out to me. I did some digging to find out the reason for it and found out they announced a google partnership. The price blasted up a 150% EP closing candle that had a 189% high on the date the Microsoft news was dropped. Pretty strong. There was also a 345% daily candle back in April of 2023!!!! The price action has now retracted below the open of the last EP candle and I believe this is a solid price to hop on. The price action is getting tight with low volume. All of the moving averages are converging and this could pop off in a relatively short period of time. It’s forming a cup and handle so we’ll see, whenever and if ever that breaks out.
Btw, I have not seen any news articles or chatter about any of these other 20 fortune 1000 companies anywhere. I had to dig into the earning call transcripts to find that.
“This platform has been developed in collaboration with leading AI companies in the tech ecosystem in Silicon Valley, and we’re excited to partner with Google Cloud as we scale our business to the next level. We’re excited to report a 24% increase in annual recurring revenue from 2022 to 2023. This has been fueled through our major customer wins this last year, especially those two Fortune 1000 wins this last quarter. We’re proud to have some of the largest logos of the world as our customers and our partners that are at the leading edge of the workplace transformation. More than 20 of them are Fortune 1000 companies who are scaling with us with new deployments globally every day.”
This partnership seems pretty legit. Not sure why a company with type of partnership and 20 other fortune 1000 companies customers only has a market cap of 51 million. I guess not much revenue yet, but I don’t believe they’ve fully deploy their app yet until later in 2024.