$15 Price target (Swing) . $30 Price target (Long)

20 ก.พ. 2021

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!