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Let It SERV You Right
Robots delivering what you need.
Nick Tomas
November 11, 2024 • Estimated Reading Time: 4 minutes
Tale of the Tape
Serve Robotics: $SERV
Small cap play in robotics. As in, delivery robots.
Spun off from Uber in 2021.
$465M Market Cap
Recent IPO: April 18, 2024 at $4.75
Broke out above it’s IPO opening price on July 19, 2024 on news that Nvidea bought a 10% stake in the company.
Nvidia, Uber, and 7-Elevan are investors.
Uber Eats has been using units in Los Angeles since May 2022.
Partnership with Shake Shack announced on Aug 14, 2024.
Has a PO to deliver 2000 units to Uber in 2025. First deliveries expected in Q1 2025. Manufacturing is ahead of schedule as of the the Nov 7, 2024 earnings report.
For more info, here’s a good write-up from Barrons.
Serve Robotics website.
How to Safely Place Your Bet(s)
**Quick note on how to determine the amount of shares to purchase:
To determine the amount of shares which you want to purchase, first determine the amount in which you would be comfortable to lose. Part of trading and investing is losing. Show me someone with a 100% win rate and I will show you a psychotic liar. Even championship teams lose a few games a year, and so do the best traders of all time.
Once you have determined the amount you would be comfortable with losing, subtract your entry price from your stop loss and then divide the amount of loss you are willing to take by the price difference between your entry and stop loss. That will give you the amount of shares to purchase.
How to Trade it.
I’m using Anchored-VWAP (⚓️VWAP) as my guide, anchoring to the all-time high bar and the recent pivot low. It is represented by the green lines on the chart.
SERV Weekly chart as of 11.11.24
SERV Daily as of 11.11.24
Expecting price to pinch between the two ⚓️VWAP’s before choosing the direction of the next big move, and am playing it as a long (expect price to go up).
If price drops below the lower ⚓️VWAP and has trouble getting back above, I will exit the position and follow-up this post should that occur.
A daily close above the upper ⚓️VWAP and I will look to add to the position.
Simple as that.
Targets
First target: $17.00
2nd Target: $24.09 (All-time High)
Should that hold, then maybe even $37.85. Which seems totally absurd, but now is one of the times when you would expect the absurd to happen.
The future looks pretty epic. Might as well cash in on it along the way.
Click the Leave a comment button if you have any questions or comments, or need something clarified. Don’t be shy. The main point here is to improve constantly. Questions and comments help us both and tells me what you are interested in learning/hearing more about.
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