Among the lesser-known stocks, Phunware offers a lucrative investment opportunity. Phunware is an American company based in San Diego, California, specializing in mobile software and blockchain technology. Founded in 2009, the company aims to enhance the mobile experience for businesses and their customers. It benefits from the current cryptocurrency boom, presenting significant growth potential.
Main business areas:
From a technical analysis perspective, it is currently recommended to wait for a pullback to around $7.50 USD to optimize the risk-reward ratio (RRR). The large open gap from February 24, 2024, serves as a potential price target, suggesting a target price of approximately $12.50 USD. This sets the risk-reward ratio for this trade idea at around 2.6:1.
Main business areas:
- Mobile Experience Platform: Phunware offers a mobile experience platform that enables companies to create, manage, and deploy personalized mobile apps and marketing campaigns. The platform includes features such as push notifications, geofencing, gamification, and mobile wallets.
- Blockchain Solutions: Phunware also develops blockchain solutions for identity, security, and supply chain management. The company has developed its own blockchain platform called Phuncoin, which is based on the Ethereum blockchain.
From a technical analysis perspective, it is currently recommended to wait for a pullback to around $7.50 USD to optimize the risk-reward ratio (RRR). The large open gap from February 24, 2024, serves as a potential price target, suggesting a target price of approximately $12.50 USD. This sets the risk-reward ratio for this trade idea at around 2.6:1.
Order cancelled:
Stock reached our target before entry point