The analysis in summary
Stock: Wyld Networks
Sector: ***Joint Venture with OKT Technology to focus on drone applications***
Most important order right now: Has a pilot order from a drone manufacturer from Ukraine. The demonstration was successfully carried out and the system worked according to expectations. Price today: 0.354 SEK Today's analysis: Positive Target range after the issue: 1.00-2.00 SEK
Previous analysis: –new issue 18:1–
Price then: –new issue 18:1–
Read previous analyses: Analysis library
This is a commissioned analysis in a paid collaboration, and the analysis is therefore not independent.
Comment: Today we look at Wyld Networks, which after a period of being traded in a wait-and-see manner with accompanying price development (i.e. lull-lull).
Wyld Networks is currently evaluating solutions for drones.
Yes, the market is moving sideways right now, with this still being about +136% above the issue price – and this means that everyone who participated in Wyld's company's fron.
The technical analysis
Wyld gathers strength for a larger movement.
Given the company's LOI, the likelihood of the movement being on the upside is very high as we see it.
The RSI curve says nothing right now, and thus we maintain the target range at 0.60-0.80 SEK.
In summary: Wyld Network has signaled an upcoming uptrend towards SEK 0.60-0.80
Disclaimer
This is a commissioned analysis in a paid collaboration. The analysis is not independent. This analysis should only be seen for educational purposes, and not as a recommendation to trade shares or other financial instruments. Dagens Börs always obtains its information from credible sources, but cannot guarantee its accuracy. Dagens Börs AB or its employees do not own any shares in this company.