UMAC - US Drone Company - Massive Growth Potential!

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Unusual Machines, Inc. is a development stage technology company, which engages in the provision of drone solutions with a focus on first-person view (FPV) technology. It offers products to entertainment, recreation, and competitive racing industries. The company was founded on July 11, 2019, and is headquartered in Orlando, FL.

This is a high risk idea - keep this in mind!

Shares float: 4.755M

Recent Passive Stake of 450 000 shares on August 1, 2024

Breakout Zone: $2.20 - 2.30

Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend.

Overall Market Sentiment:
Currently, the market seems to be in a correction phase. It’s crucial to consider this sentiment when making trading decisions.

Resistance Points:

$2.30
$2.80
$3.30
$3.70

Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.

Trading Strategy:

Take Profit (TP): Set a target at $4.40 after we might forming a cup and handle pattern with a second target at $8.00 (highly speculative)

Stop Loss (SL): Set at under $1.50 or if you want to give some more room under $1.00 to mitigate potential losses.

Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.

Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.

Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Dagangan ditutup: hentian tercapai
damn SL hit but after it pumped massively
Chart PatternsFundamental AnalysisTrend Analysis

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