Something big may be coming for this stockVery nice accumulaton between 6 to 7 cent in the past few days. Technically, It closed HOD today with nice volume, touching the 50 DMA on the chart. It looks moderately bullish and indicates soemthing big could be coming with the aggressively increasing volume.
Insiders also started loading the boat sub 8 cent recently. Insiders only load the boat when they are confident the future catalysts can improve share price, right? we may know something but insiders definitely know everything. Given the impressive insider buying, you can tell anything below 10 cent is a steal.
Fundamentally as a speculative play in the penny stock space, Global wireless infrastructure market is a booming market with a projected valuation over 100 billion. Nuran Wireless can easily be a leader in this space with the proprietary 5G Massive MIMO technology. Their partnership with Africa Mobile Networks also granted them first mover advantage in the african market, which has massive potential. As the saying goes, early bird gets the worm.
The price action and volume today make me feel confident that some big deal is in the pipeline for this company. IMHO, no one knows what the future holds, but we are very likely to see it trading around 20 cent in the coming few weeks.