KULR
shares are pulling back to a key confluence “sweet spot” zone symmetrically positioned around the $1.50 level, as Fibonacci 61.8% retracement support comes into play. This hovers above bullish trendline and 50-day MA support just below, suggesting the stock retains its new bull trend mode at this point, with volume continuing to surge.
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KULR (KULR Technology Group Inc.) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems.
Leveraging the company’s roots in developing breakthrough cooling solutions for NASA deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer
The company offers lithium-ion battery thermal runaway shields; fiber thermal interface materials; phase change material heatsinks; HYDRA TRS battery storage bags; internal short circuit device; and CRUX cathodes. Its technologies are used in electric vehicles and autonomous driving systems, artificial intelligence and cloud computing, and energy storage and 5G communication technologies. The company serves electrical transportation, 5G mobile computing, cloud computing, and space exploration and communications markets.
Key Points:
• KULR is already on pace for over 59% topline growth as it begins to commercialize leading IP in the lithium-ion battery market, with applications in the booming electric vehicle and space exploration markets
• KULR has a small trading float, which suggests the stock could launch higher on any additional influx of interest.
• KULR is making real money, with trailing revs already coming in at $713K.
• KULR has expanded its core customers dramatically as it gains a foothold on penetrating what analysts believe is an $8B market opportunity
• KULR is pulling back after an aggressive run to test the waters above $3.50 last month, and is now running into strong support at Fibonacci, MA, and trendline benchmarks.
KULR Technology Group is sitting in the heart of the biggest themes driving the current bull market at a time when the retail investor is suddenly back with a vengeance and a distinct passion for everything that has anything to do with Elon Musk, electric vehicles, or space exploration.
KULR is a thematic tie-in to all of these ideas. And the company is already making real progress toward penetrating an $8 billion market opportunity in the process.
This is also another powerful play on the emerging ESG investing theme that has come to dominate the landscape for new active fund flows from emerging institutional investors. As the company builds operational momentum, it holds the potential to trade at strong multiples to sales and earnings over time.
But, most importantly, KULR is smack in the middle of the thematic sweet spot with real proprietary IP gaining commercial traction ahead of peers. The only barrier is visibility/obscurity. Once the crowd finds it, traders may have to pay up to gain access.