This is a company that produces autonomous robots for warehouses, capable of handling goods storage using AI—the potential of this idea is insane!
At the moment, it's automating all of Walmart’s warehouses, which is its main client.
The price has been moving within a descending channel for two years and closed last week right near the upper boundary.
It might be time for a bullish breakout, with a return to previous highs or even beyond.
The first major resistance is around the $40 level.
At the moment, it's automating all of Walmart’s warehouses, which is its main client.
The price has been moving within a descending channel for two years and closed last week right near the upper boundary.
It might be time for a bullish breakout, with a return to previous highs or even beyond.
The first major resistance is around the $40 level.
Trade active
The first half of the position is already in profit. The second half will come into play after a close above $41, which confirms the double bottom pattern with a target around the $65 area, as shown in the chart
Note
Boom!Note
Moving between 44,50$ and 48,40$ before next breakout
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.