Entered ABML Long

25 ก.พ. 2021

Hit my entry I posted the other week at $2.5. Here's my projection.

2 มี.ค. 2021

ปิดการเทรด ด้วยตนเอง

I'd be short this stock. After another look through the earnings I think they are going to need to raise cash in a big way. The last round of funding was not enough to build out infrastructure or expand in a serious way where they can really compete. They will either need to be acquired by someone or they will have to raise another $500M+ in order to grow operations meaningfully.

Technically, this stock could hit $3 soon but a likely scenario would be to fall through no man's land and down to the $1.50 mark on a capital raise.