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AgEagle Aerial Systems, Inc.AA

AgEagle Aerial Systems, Inc.

0.9399USDR
+0.0536+6.05%
As of today at 14:41 GMT
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UAVS trade ideas

UAVS, high potential but after transparencyA nice run on UAVS and then a free fall after a short-seller report. As you can guess, it recovered almost immediately after a response. Should you buy in the dip? Well, it depends. We had a strong bullish accumulation around 10.18 and then around 8. Panic sell broke 10 support area, yet at 8, we had stronger support plus 200ma support and it immediately bounced back from there. That was the sweet spot to get in. Now it is sitting at 10 volume support area, and has the potential to reclaim VPOC and maybe even retest its high. However, for that to happen, we need some green SPY, good PR, and some new fuel to the ticker. I believe in UAVS in long-run. Maybe ARK would start going heavy on this for its space fund. But at the moment with a red SPY of today and generally weaker season, I would wait for some more consolidation before jumping in. Without any more news, the risk is 8 area and the reward is 11.5 area, so not so much good risk/reward for my investment. With a red SPY, like today, I prefer to stay away from "gambling" or "speculative investment" and trade charts with high risk/reward potentials. Also look at EH. It follows a similar pattern as well. Reclaiming a support area where we have bullish accumulation but not going further up since those institutions investors may not buy more to push the price higher, due to all the concerns around this ticker. I would happily buy at the support area around 8 if it ever drops. Trade safe! Trade safe.
A
by AlphaTradingAcademy
$15 Price target (Swing) . $30 Price target (Long)Short seller report pushed $UAVS out of the trend channel. As management responds the next day, stock shows great sign of recovery, but has the 21EMA as the new resistance now. If general market remains green next week, this stock will be back testing $15 in 1-2 weeks. Swing trade: Enter in the $10-11 range. Profit target $15 SL: $8.65 Long-term hold: Enter $10-11 range. Dollar cost average if it dips to $6 with broader market pressure. Why I like this stock: > The stock's rally was based on speculation that their "big e-retail partner" is Amazon (you can google the theories people have around factory locations next to $AMZN, etc.). Even without Amazon as the retailer (what if it's Walmart? Will you hate it?), there are still way many reasons why this stock is a market leader. > UAVS owns Valqari's patented Drone Delivery Station . Competitor with a similar tech - DroneDek. Difference between the two, Valqari is in commercial production stage, while DroneDek is finalising their first functional proto-type (report as off Jan 2021) > The company also owns a patented subscription based FarmLens analytics software for agriculture which has a growing customer base. > UAVS provides software-as-a-service to cannabis farmers with HempOverview (yes, the same industry many are betting on with the Biden administration). So here is a great background MJ play. Long-term my 2021-2022 price target on $UAVS is $30 Good luck traders!
ALong
by Karam08