Avant! AI is a Powerful Artificial Intelligence program designed to govern all GBT technology. It is capable of processing vast amounts of data efficiently and quickly.
And right now, this company has 5 potential catalysts to be aware of immediately. Check them out:
No. 1 GTCH Potential Catalyst - A Low Float Profile To Watch Closely
According to the Yahoo Finance website, GTCH has a low float.
The website reports this profile to have approximately 16.76Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term.
No. 2 GTCH Potential Catalyst - Oversold Leaning Technicals Could Signal Reversal Potential
As of close on Thursday, Barchart was reporting this profile to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal in the near term.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals (as of close Thursday) that could signal GTCH to be leaning oversold and on the verge of a potential reversal.
- 9-Day Relative Strength Index: 28.92%
- 14-Day Relative Strength Index: 32.44%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 4.78%
- 14-Day Williams %R: 95.22%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
No. 3 GTCH Potential Catalyst - New Revenue Stream May Provide Opportunity To Expand Operations
GBT Commenced Operations of It E-Commerce Platform
GBT Presents its First Two Weeks of Sales
WEST HOLLYWOOD, Calif., March 14, 2022 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”), which entered into a revenue sharing agreement with a third party is testing its AI platform – AVANT- AI to identify opportunities with respect to e-commerce sales through the world’s biggest online retail platform. The testing under the revenue sharing agreement commenced on March 1, 2022.
Since March 1, 2022, the Company through the revenue sharing arrangement sold 360 items generating sales of $73,423.99 representing an approximate average of $203.96 per item/order...
"We were pleased to announce this new stream of revenue. As a reminder, we entered into a revenue sharing agreement for a term through the end of the year with an option to extend for additional terms. This opportunity may allow us to expand our operations to different domains, which potentially can complement our products when and if introduced to the market. Currently, we operate the e-commerce platform from West Hollywood, California and we are selling currently in the United States, Canada, Mexico and Brazil” provided Mansour Khatib, the Company’s CEO.
There is no guarantee that the Company will be successful in researching, developing or implementing this e-commerce system. In order to successfully implement this concept, the Company will need to raise adequate capital to support its operations and, if successfully developed, the Company would need to enter into a strategic relationship with a third party that has more experience in operating, selling and shipping. There is no guarantee that the Company will be successful in any or all of these critical steps.
Read the full article here.
No. 4 GTCH Potential Catalyst - New Game-Changing Patent Could Happen Any Day
GBT’s Wireless Motion Detection System Patent Received Issue Notification
The Intelligent Motion Detection Technology Patent Expected to be Granted on April 12, 2022; Patent # 11,302,032
SAN DIEGO, April 05, 2022 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”), received an issue notification for its intelligent motion detection patent, which the Company has assigned the internal code name “Apollo”. The non-provisional patent application will be granted on April 12, 2022, patent #11,302,032. The patent seeks to protect radio based, real time motion detection methods and systems. As described in the patent, neural network algorithms are designed to control and analyze radio waves transmissions and their reflections to construct 3D images and motion. The Apollo’s technology design is based on wireless transmissions that are made within specific frequencies measuring the returned reflected waves information. Apollo’s neural network is then designed to analyze the object constructing live images. The patent also seeks to cover real-time motion technology enabling live video through radio waves. The technology is designed to distinguish between living entities and objects by detecting distinctive patterns and intelligent mapping. The technology is designed to works in both indoors and outdoors environments as well as through walls and other mediums. The system’s effective range starts within a typical residential home area and can be extended using repeater units to cover larger facilities and structures. GBT believes that this innovative technology can be applied within health, security, military, and emergency response domains and plans to conduct further research and development in the near future.
"We receive an issue notice for our intelligent, wireless motion detection patent and plan to start R&D efforts to commercialize the technology, in wide variety of domains. We believe this technology can be used in a wide diversity of fields which would include wearable-less health monitoring to measure human’s vitals and detect falls. We also believe another type of application is to provide 'eyes' for autonomous vehicles or a background system to detect concealed objects in airports. We are very pleased to have this patent innovative technology granted and plan to conduct further research and development of intelligent systems based on its concepts,” Said Danny Rittman, the Company’s CTO.
There is no guarantee that the Company will be successful in researching, developing or implementing this system. In order to successfully implement this concept, the Company will need to raise adequate capital to support its research and, if successfully researched, developed and granted regulatory approval, the Company would need to enter into a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product. There is no guarantee that the Company will be successful in any or all of these critical steps.
Read the full article here.
GTCH Recap - 4 Potential Catalysts To Know Right Now
No. 1 - A Low Float Profile To Watch Closely
No. 2 - Oversold Leaning Technicals Could Signal Reversal Potential
No. 3 - New Revenue Stream May Provide Opportunity To Expand Operations
No. 4 - New Game-Changing Patent Could Happen Any Day
Coverage is officially initiated on GTCH. When you have time, do this: