Read what my friend and co-investor herman wrote this week. ( Sorry I cannot show the charts) This was written before the Friday breakout)
AI translated in English
Meanwhile, the Lightwave Logic share price continues to move in all directions with high volatility. Short sellers have increased their positions to nearly 15 million shares. Market makers continue to play their role as well.
The news flow will undoubtedly not stop immediately. We will only see a stable higher share price upon the announcement of a deal.
Personally, I would like to see a new CFO in the company with a strong network and good knowledge of the markets. For example, a strong partner could significantly reduce the volatility in the share price.
I also asked CEO LeMaitre to provide a clear overview in a future update of the number of foundries the company is collaborating with. Most shareholders apparently still assume that Tower was one of the two unnamed foundries, which was clearly denied to me by LWLG IR. According to IR, there are still two unnamed foundries. I find this important because I believe the unnamed foundries are linked to the Fortune Global 500 companies that are currently testing. That type of company does not work with smaller foundries, which increases the likelihood that TSMC and Samsung are among the unnamed foundries.
I expect a new business update shortly, and I suspect there will be quite a lot to report.
Yesterday, a first shortlist was also drawn up for companies that could join the Russell index in June. Details, if I’m correct, are not yet known.
A few remarks on the technical analysis (TA) for those who pay attention to it.
In a previous analysis, I pointed out the importance of the trend across various timeframes: daily, weekly, and monthly. There has been little change in that regard.
For the daily uptrend, we see slight weakening but no break of the uptrend (see chart).
For the weekly uptrend, it is still well supported and in a somewhat advanced stage.
For the other weekly uptrend, it is in an early stage and is giving a buy signal.
Chart of the daily trend: Here we see that the flattened trend (called Coral trend, blue dotted line) continues to rise and has not been crossed by the price.
A second trend watcher, the Impulse, is a flattened trend that has flattened but not been broken — the blue line remains above the red line.
Also interesting is the following chart, which shows a Fibonacci study based on the 2021 rise. Here you can clearly see that traders have based themselves on the various resistance levels and that the current rise has also reacted to them.282msBen je tevreden met het antwoord van Grok?
Market Data 
Markets 
AI
