In the Zone

 

WIMI hologram Cloud, Inc. 

In the Zone this week is WIMI Hologram Cloud, Inc. in which trades on the Nasdaq Composite Index under stock symbol WIMI.

 

WiMi Hologram Cloud Inc. provides augmented reality (AR) based holographic services and products in China. It operates in two segments, Augmented Reality, and AR Entertainment. The company primarily offers holographic AR advertising services and holographic AR entertainment products. 

 

Its holographic AR advertising software enables users to insert into video footages real or animated three dimensional objects; and online holographic AR advertising solution embeds holographic AR ads into films. The company's holographic AR entertainment products consist primarily of payment middleware software, game distribution platform, and holographic mixed reality software.

 

If you have a close look at a stock chart of the company you will notice that the stock is currently up 55.52% for the month coming from a price low of $5.52 tear to date. What I would like to see going forward is a breakout in price above its July 2020 closing price high of $8.70 in order for this stock to continue its price advance. 

 

As the market came to a close to end the holiday shortened week on Friday the stock ended the day trading at $8.57 down $0.01 or -0.12% on heavier than average downside trading volume of 11.19 million. As the market continues to head higher to the upside in the days ahead please set you price alerts and keep this stock on your watch list for a continuation of upside momentum above $8.70.

 

By Marlin Rolle

 

Please note that all the stocks listed are not buy recommendations; please do your own due diligence or get help from a professional before trading.