$ASTA Launching Disruptive Technology

2023年8月7日

After regaining its Pink Current status, Astra Veda Corporation (OTC: ASTA) may be poised to soar over the coming months as the company promised to release a press release once a month for the next 3 to 4 months. This is extremely exciting news for shareholders since the announcements could be regarding substantial deals – including a deal with a NATO member. For these reasons, ASTA stock may witness a strong run over the coming months as the company releases more updates.

ASTA Fundamentals

As things stand, ASTA is set to release a press release once a week for the next 3 to 4 months. Given ASTA’s wide range of operations, these press releases could be about a litany of topics from additional Ballistic Barrier Production patents to promising Punchzee updates. Other potential press releases could be about opportunities brought about due to its audit status like uplisting to the OTCQB or NASDAQ. That said, the company has been hinting at a major deal that could potentially be revealed in one of the upcoming press releases.

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Given the context, ASTA is likely to enter a military contract with a new NATO member. As of the time of this writing, there are only 2 new NATO members – Sweden and Finland. Each of these countries has substantially increased its military spending amidst growing instability in Europe. Sweden increased its military spending by 17.3% YoY while Finland recorded a staggering YoY increase of 36%.

A likely scenario for this deal is that Finland, due to its shared border with Russia, may be seeking to substantially increase its investment in anti-ballistic technology. ASTA’s subsidiary Ballistic Barrier Production, which is well known for its bulletproof technology, could possibly be one of many companies that the Finnish military is seeking a contract with to increase its anti-ballistic stockpile. If this scenario, or a similar scenario comes to pass, ASTA Stock could experience a substantial surge in response.

Technical Analysis

ASTA stock is in a neutral trend and is trading in a sideways channel between $.0045 and $.0055. Looking at the indicators the stock is above the 200, and 50 MA which is a bullish indication, while testing its 21 MA resistance. Meanwhile, the RSI is neutral at 52 and the MACD is neutral as well.

As for the fundamentals, ASTA has been faring quite well after regaining its Pink Current status. With the company promising PR once a week for the next 3 to 4 months, ASTA stock may be poised to grow significantly given that the news could be about uplisting, a deal with a new NATO member, or other developments. Considering the potential of the anticipated news, going long on the stock may prove to be a profitable decision.

ASTA Forecast

For the next 3 to 4 months, ASTA stock could reach new highs given the plethora of announcements the company is planning in the form of a press release every week. Given that the news could be updates regarding uplisting, a military contract with a NATO member, or a major deal with another company, the stock may be poised to run. In light of this, going long on ASTA stock could be a profitable decision ahead of the company’s planned announcements.