Oct 10 in Daily Stock Post
Crown Electrokinetics Corp. (NASDAQ: CRKN)
This is not investment advice; it’s a trade idea for educational purposes. All trades are inherently risky and may result in a loss. Please do your own research.
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Crown ElectroKinetics Corp (NASDAQ:CRKN) "has expanded its scope of services to include four complementary markets, enhancing its revenue potential. The company achieved a significant technical milestone by solving the 12-inch mastering challenge for its Gen 1 Alpha Smart Window Insert product." Despite technical progress, the Gen 1 Alpha Smart Window Inserts will only be available in limited quantities by the end of the year.
The market this morning opened for CRKN having closed at $1.17, but then aftermarket trading had surged above $2.00, which caused a spike at the bell, and at one point it hit $1.85.
Support: Likely near the recent 52-week low of $1.06.
Resistance: Based on moving averages and historical data, possible resistance could be around the 50-day average of $1.62, with higher resistance at $9.47 based on the 200-day average. In the near term, I think that $1.62 is the saftest resistance bet, but if it powers upward above $2.00 and stays there during trading hours, that $9.47 looks interesting.
I entered at $1.50 and exited at $1.65 very happy with the profit, mainly because I am not willing to wait to see if it rises sustainably through $1.62.
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Crown Electrokinetics Corp. (NASDAQ: CRKN)
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THIS IS NOT INVESTMENT ADVICE. This group will have a daily stock tip posted. This is for purely entertainment and educational purposes only
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