KULR is an emerging EV play that recently broke out to the upside. We recently noted that the stock's run from $1.20 was under constructive consolidation with key support in play in the $2-2.20 area as a nice pullback territory.
That quickly led to about 35% in upside action. Now, the stock could be poised for an extension breakout if it moves above the $3 level as momentum picks up, highlighting its potential to test the $3.75 range resistance target above.
KULR Technology Group Inc (OTCMKTS:KULR) is an emerging player in the electric vehicle battery tech space, which has become one of the most engaging focal points for the seemingly unstoppable EV investing theme.
Everyone has started to weigh in on this theme, from Buffet to Cubin to Branson to top Wall Street houses like Goldman and JPMorgan and Morgan Stanley.
The theme strikes a chord with this moment in history because it resonates with the fence-top tipping point we face as a society where fossil fuels are concerned. The current moment is infused with significance around the choice-point of that transition, with stocks in the space leading the major averages over the past three months as investment pours in to position for the shift in flows related to the larger theme.
But, while many players have already run to price in the shift, KULR is still pricing under $3 share despite its development relationship with NASA and its recent advances toward marketing partnerships and increased exposure. It may just be the only stock left in the space that offers true deep value given analyst projections for EV battery technology.
The simplest way to understand the value proposition for KULR is as a de-risking technology for EV plays, where one bad headline related to a fire or accident can mean the difference between a billion-dollar future and oblivion.
That quickly led to about 35% in upside action. Now, the stock could be poised for an extension breakout if it moves above the $3 level as momentum picks up, highlighting its potential to test the $3.75 range resistance target above.
KULR Technology Group Inc (OTCMKTS:KULR) is an emerging player in the electric vehicle battery tech space, which has become one of the most engaging focal points for the seemingly unstoppable EV investing theme.
Everyone has started to weigh in on this theme, from Buffet to Cubin to Branson to top Wall Street houses like Goldman and JPMorgan and Morgan Stanley.
The theme strikes a chord with this moment in history because it resonates with the fence-top tipping point we face as a society where fossil fuels are concerned. The current moment is infused with significance around the choice-point of that transition, with stocks in the space leading the major averages over the past three months as investment pours in to position for the shift in flows related to the larger theme.
But, while many players have already run to price in the shift, KULR is still pricing under $3 share despite its development relationship with NASA and its recent advances toward marketing partnerships and increased exposure. It may just be the only stock left in the space that offers true deep value given analyst projections for EV battery technology.
The simplest way to understand the value proposition for KULR is as a de-risking technology for EV plays, where one bad headline related to a fire or accident can mean the difference between a billion-dollar future and oblivion.