This setup of renko block-size on a 4h chart shows that Seeing Machines #SEE completed its first ever impulse wave and now moving onto the second one. I can say this with certainty that the 2nd impulse (wave 3) will extend the first initial one, so I set up my first target for 27p as a minimum. I expect some reaction on the top of that trendline around 16-18p mark...
This share is still my favourite and my largest investment, and I am glad to see it in such a clear bull trend. I had so many options counted from the bottom, and the pictured is one of the most likely where the most impulsive move starts as a wave 1 and are finished with the subwave 3 of the wave 3 for that move. Further options are very similar just starting...
Renko chart is extremely clear on the 4h eliminating all the messy ranging moves. It was a clear buy since 26 Oct again on SEE when renko started to tick up already, today move is just the proof. Targets are still the same as originally described in my previous post. Current ABC move ends around end of 2021, by then this share will be in multiples of current SP....
I expect a substantial move on Seeing Machines this week and in the next months ahead. With the recent RNS the company just entered into a new market of OMS which they are already dominating. SEE is way over conservative in their market share projections. 23% in their OMS figures and 30% in DMS. House broker`s old target is 7.2 on the DMS auto market only with the...
SEEing machines completing its correction of this longer Wave 2 and finding a support at this level. News are on the corner although you can see it took much longer and with a more complex wave 2. It will easily pump up to its next W3 above 8p on any material news and anyone knowing this company there are multiple potential of material news dropping in any day...
Uptrend is now way overdue - this is in line with expectations of news on decisions of new contracts by end of June 2019. Very bullish for the next months ahead!
