Guardforce AI Co. Ltd. GFAI Stock Price has been trying to recover since it’s IPO high of almost $7.50. Wondering why this stock is having such a hard time and if it can break the overall trend?
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Before we get started, I wanted to introduce myself to you. Hi 🙋♂️ I’m Alexander Goldman and I have been successfully trading breakout stocks and trending stocks for two decades now.
I’m now helping traders find breakout stocks. My claim to fame is the expert at finding trending stocks.
What do I mean by big winners?
Stocks that move more than 100% in a month! GFAI Stock Price could?
Does that always happen, NO! But, I’m very good! Take a look at this article I wrote, where I called 5 stocks, 3 losers and 2 winners and they all did what I thought!
The article is HERE where I shine a spotlight on trending stocks and breakout stocks!
Now, let’s go over some of the basic information on this stock before we get in the technical analysis
Guardforce AI Co. Ltd. Company Information
Company Name: Guardforce AI Co. Ltd.
Guardforce AI Company Summary:
Guardforce AI Co., Ltd. engages in the provision of cash solutions and cash handling services. Its services include cash-in-transit, dedicated vehicles to banks, ATM management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions. The company was founded on April 20, 2018 and is headquartered in Bangkok, Thailand.
Guardforce AI stock price is due to News?
March 21, 2022 / Guardforce AI Co., Limited (“Guardforce AI” or “Company”) (NASDAQ:GFAI, GFAIW), an integrated security solutions provider, announced today, the signing of a non-binding Letter of Intent (“LOI”) with Shenzhen Kewei Robot Technology Co., Limited and Shenzhen Yeantec Co., Limited (together, the “Kewei Group”) to purchase up to 36 of the Kewei Group’s subsidiaries located in China. Under the LOI, in the first of two phases, Guardforce AI will acquire eight of the Kewei Group companies.
The second phase provides Guardforce AI the right of first refusal to purchase the remaining 28 companies within a period of 24 months from the date of the signing of the LOI. The purchase of the additional 28 companies will be dependent on the Company’s operational plans. The Company expects to sign the definitive agreement for the phase one acquisitions before the end of May.
GFAI 5 Day Chart
GFAI Stock Price Technical Analysis:
Let’s go over 4 critical factors in regards to a trending stock.
The volume, which is basically demand of a stock is not consistent! However, due to the news, it is heavily traded.
The news, is solid with the announcement of the LOI!
The chart, it WAS bullish but it went up250% in a month and is now getting ready to consolidate.
The fundamentals, the vertical is a very profitable one!
I believe Guardforce AI stock could be a good one but not right now. I’m putting it on my watchlist and getting familiar with it, waiting for the right time. After the consolidation I will make my decision, stay tuned!
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