Phunware, Inc. has announced a public offering of 40 million shares at $0.25 each to raise $10 million, aiming to bolster its working capital and fund general corporate purposes, including the expansion of product initiatives like monetizing its patent portfolio and the development of PhunCoin and PhunToken. Additionally, the company is positioning itself to take advantage of strategic opportunities that may arise. This move is bullish because it demonstrates Phunware's proactive strategy to secure financial stability, invest in growth and innovation, and remain agile in a dynamic market environment. By enhancing its product offerings and exploring potential strategic ventures, Phunware is poised to capture new revenue streams and strengthen its market position, signaling promising prospects for growth and shareholder value enhancement.
In this accumulation range, we are approaching the lower boundary of a low volume node. The market appears to be settling comfortably at this level, according to my analysis. If this trend continues, we can expect an upward accumulation. In the least favorable scenario, we might move towards the next lower volume node (LVN) below. It's crucial to monitor the volume at these levels closely, looking out for signs of aggressive buying or selling activity, or the absence of such movements.
In this accumulation range, we are approaching the lower boundary of a low volume node. The market appears to be settling comfortably at this level, according to my analysis. If this trend continues, we can expect an upward accumulation. In the least favorable scenario, we might move towards the next lower volume node (LVN) below. It's crucial to monitor the volume at these levels closely, looking out for signs of aggressive buying or selling activity, or the absence of such movements.
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Watching .16 for an average down, If we dont see a rejection with volume im out.
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under .16 we can easily trade to 10 cents.
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Snagged some at .16, Liking the reaction at this level.