Although bullish we believe a better entry point is on the break above the FIb resistance @$1.30 setting up a rally towards $1.45. The stock has fundamental and technical momentum so looks like a good risk reward long.
COMPANY PROFILE
Drone Aviation Holding Corp. engages in the design, development, marketing, and sale specialized tethered aerial monitoring and communications platforms. Its solutions include winch aerostat small platform (WASP) aerostat, WASP lite, fuse tether system, and drones. Its products are primarily designed for military and security applications where it can provide secure and reliable aerial monitoring for extended durations while being tethered to the ground via a high strength armored tether. The company was founded by David J. Payne on January 17, 1997 and is headquartered in Jacksonville, FL.
COMPANY PROFILE
Drone Aviation Holding Corp. engages in the design, development, marketing, and sale specialized tethered aerial monitoring and communications platforms. Its solutions include winch aerostat small platform (WASP) aerostat, WASP lite, fuse tether system, and drones. Its products are primarily designed for military and security applications where it can provide secure and reliable aerial monitoring for extended durations while being tethered to the ground via a high strength armored tether. The company was founded by David J. Payne on January 17, 1997 and is headquartered in Jacksonville, FL.