$PDYN to blast soon!!

The chart of Palladyne AI Corp. PDYN suggests a potential breakout move:

Technical Analysis:

Breakout from a Downtrend: The stock has broken out from a descending wedge/pennant, which is generally a bullish pattern.

Strong Weekly Close: Last week, PDYN closed +17%, confirming strength.

Above Key Moving Averages: It is trading above the 5-day, 10-day, and 20-day moving averages, which signals short-term momentum.

Volume Confirmation: The volume is increasing, indicating strong accumulation by buyers.

Measured Move Target: The projected upside move is +144.65%, which targets $21.91.

Fundamental Backing:

- Palantir Partnership: The company uses Palantir’s Foundry platform for AI-enhanced robotics.

- Recent AI/Defense Contracts: Secured a U.S. Air Force contract for AI-powered drones.

- Short Interest (11%): Possible short squeeze fuel if momentum continues.

Conclusion:

PDYN remains one of the strongest stocks in the market (+2,000% YoY).

The risk-reward setup looks favorable if the breakout holds.

Watching for a sustained move above $10.50 to confirm momentum toward $21.91.

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