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https://twitter.com/temperowkamusic/status/1303343169740836866?s=20
Absolutely and volume tops day by day in the last week supporting the move up. This is not yet the top of this move up for sure.
cup and handle, guys, cup and handle
new cenkos note out
"Comment: It has only been four days since Seeing Machines announced the launch
of its OcculaTM Neural Processing Unit and that it is available to semiconductor
companies under license. It has clearly generated significant interest from the
suppliers to the automotive industry with the next steps here to agree the specific
terms for a license deal (the automotive license announced on 1 April 2020 had a
US$5m upfront payment) and enable the semiconductor company to begin product
development. Importantly, the intention by the semiconductor company to develop
ASICs based on Seeing Machines technology should provide confidence to the
market that a major player expects the market for Interior Monitoring to be in the
many millions of units and that access to the high performance of Seeing Machines
technology is also important in this application as it is for Driver Monitoring."
moving above 4p now 4.1p if volume rises and supports it will move further.
and i think it will.
nice impulsive move with volume support, 15% in 1,5 hours trading. We should be heading towards 6p in the coming days as first target.
gla
Seeing Machines has announced the launch of its OcculaTM Neural Processing Unit and its next generation 'Embedded Product Strategy' for the automotive market. This provides a further step change in delivery of Driver Monitoring System (DMS) technology to automotive Tier 1 suppliers and OEMs, extending cost, scalability and integration benefits for carmakers as well as safety and convenience for their customers
OcculaTM Neural Processing Unit: The use of AI software acceleration (Neural processing) provides the Seeing Machines FOVIO branded DMS algorithms a further step change by reducing the computational load by 50% whilst delivering the same functionality and performance. We believe this significantly extends its technology lead and whilst these developments are likely to have been shared with existing customers, the launch with a brand demonstrates the company is also stepping up its marketing, having kept relatively quiet about its technology development path for competitive reasons.
? Ocular can be applied OTA to FOVIO chip implementations. This means existing FOVIO chip customers can benefit as the processing headroom provided enables room for new added features off the same hardware, enabling the potential for increased ASPs to Seeing Machines per vehicle.
? New embedded Driver Monitoring Engine (e-DME) offers an efficient, low-friction integration pathway for the Seeing Machines driver and interior monitoring technology into any vehicle integration point, including smart-mirrors, instrument clusters, infotainment ECUs or centralized ADAS processing systems.
? Available to license for ASICs: OcculaTM is now available for license to world-leading semiconductor companies for integration with any automotive compute platform that would benefit from world leading, highly optimised, "deep edge" driver and/or interior monitoring.
Comments
We see the launch of OcculaTM as an exciting development for the company with this step change in the Seeing Machines technology expected to further the gap from its peers in benchmark testing. It is the result of significant work under the radar and the announcement demonstrates confidence in the company that it has world class technology not just in DMS but also human tracking and detection. With the added offer to license for virtually any embedded or ASIC application a Tier 2, Tier 1 or OEM can think of, Seeing Machines has brought its top tier
performance into easy access and affordability for all vehicles (and locations in vehicles) as well as other applications. This will undoubtedly increase its potential market share in automotive but will also no doubt pique the interest of other technology developers and integrators. Seeing Machines is therefore opening back up from a transportation focussed technology company to a
human-machine interface technology supplier which could deliver further significant value to investors which is not reflected in the current share price.
Its a simple correction to the 61% fib at the 10.2p. Although I was expecting it to come slower. I dont think that the correction is over it might go up then revisit this zone again, but I think this is now a strong buy zone. I dont expect it to drop lower than 10p anymore. I was buying back since it is under 12.
We are moving to the next 5th wave impulse up now. This can extend significantly higher and should break into new ath.
Again, buy zone now.
Who said TA and fibs dont work?
You might get another chance to buy under 12p today or tomorrow before it rises. Then 10.5p somewhere next week. Might all go violently in line with news or just expectations. Lot of traders in the background.
"TA doesnt work" say those who dont know how TA work.
10.5 is the 61.8% fib. If it drops slower it loses its impulse up. So I see it going to 10.5 but probably not lower.
Yesterday mrked as top on low volume unable to push further. Today is start of correction and it will range 14p to 10p. I would start buying back under 12.5. Chart is bullish but its now correcting as it is in a wave 4. Still missing a few pushes to the upside in the next weeks.
Mjng, the way it rocketed in the last days purely on expectation can also cause dump on news. It is risky all I am saying as depends on a piece of news that can either disappoint the hype with their unrealistic expectations or it can truly reassure a much higher value and further potential. Well for me nothing is risky with a 7p average, as I dont see it getting back there anymore. 10p max.
Btw dropping on volume when price rises is a sign of reversal. So even if my heart would hold, my mind is pressing the button.
Anyway gla!
I dont want to convince myself that I locked in profits. I am happy either way if it drops then I buy back or if it rises I will gain more.
Many invested here have not even a clue what the company is doing or how a preclinical research works, so they can so drop the towel easily. That means volatility to me.
Just dont forget guys this is a volatile stock. The potential is big but there are also many questions as it is a preclinical research with a large possibility also to fail. Also their PR is none, just god forbid to have another q&a webinar for the sp.
I am holding with below 7p average but sold half my holding yesterday to take profit at reaching all time high again. I believe it can go much higher but the risk is there to drop back and test 10p again from the top. I will buy back at that handle anyway or just let it run to its next limits.
It should go attempt for the 15.2p now as the previous top not yet reached. Volume looks strong. I still think as I wrote a few days ago it will form a large cup and handle. Now is the part of the top edge of the cup where I take off some portions of profit. Will be buying more at the handle part. Leaving majority of holding in as it can ignite way off in case some huge news drops.
S7 you are referring to a Long legged doji and its a neutral pattern. Similar formation was on 17 Jul, you were also advising selling at that bottom. I wonder why you did not mention the three black crows on the top and were not advising selling then? They are miniscule corrective moves and these are irrelevant. Just like you. At least try and google basic candlesticks before you throw your gems. But probably they all look the same to you.
I'll stop teaching for free cause you will get frustrated and spend all your day here to throw your rubbish, as your usual reaction.
No its fine that you are interested without holding, and its obvious why you are here and soo keen for others to sell.
Please go, take a walk. There are many other stocks on aim with higher volatility where you can spend your free time and try to get in cheaper and gain better on day trades.
I also wanted to react something on that S7 gem but whats the point. Hangingman in the middle of a trend? or at the bottom? The only buy signal I trust is when S7 gives sell signals on what he does not own.
I bought on that "hangingman" anyway. For me the end target is more important.
something is not right with these 6mil buys, as they do not appear on chart volume profiles. might have been some internal transfers? Not sure why they do not print properly, but apparently it did not have any effect on the SP either.
I bought under 3p today, transferred other profits to buy. Happy with this as I think we are making another higher low here. I think the down risk is much more less over the potential upward and positive news.
11.2 must be spiking in expectation of news now.
Its great to see a progress update is provided and communicated. Obvioisly they can not rns sales until approval is in place and they cant rns indicative millions of orders as they are subject to regulatory approvals. If no approval for any reason then the order is manipulative of the sp without actual sales.
This is all lined up well and will be communicated massively when the approvals land (any day). I expect multiplies of orders of whats been previously indicative.