$RCAT | Redcat Holdings. I'm buying. Here's Why

The broader long-term structure is a massive inverse head & shoulders pattern (look at image on bottom right)
- Price is currently sitting at a rising 100w EMA (strong support)
- Price is still above > 0.887 fib at $8.17
- From the massive impulse off the low, price has been consolidating for essentially 2 years and forming a very large ascending triangle with multiple higher lows
- Look at the character of the chart. Each company's chart says something different. This is saying that it's nearing the end of a consolidation. Also keep in mind that IWM (small cap ETF) is at all time highs ATHs so the barometer to which I measure the industry is sound
Any market jitters naturally affect higher beta (aka more volatile type stocks). I'm not going to miss the forest for the trees here.
Upside is to the 1.272 fib at $30 and what keeps me in the name. Drone automation tech, space, all are big themes with billions of investment going into them next few years
I now hold 900 shares and likely done buying. It's a very small position for me. Keep in mind this is an extremely volatile name and can have +20% daily swings for 0 reason. If you can't stomach that don't own it
@cantonmeow meow buying?