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Good Morning, Trader!
LifeApps Digital Media Inc. (LFAP) has a razor-simple business goal: be the Men’s Health of the mobile publishing era. (Read more)
That little tidbit should have you checking your pulse because “fitness” publishing is a big, big business and if LFAP succeeds, dollars galore!
And based on recent action on the LFAP chart, quite a few traders’ hearts are racing around here:
Big green ramp on the bottom trend here, so the floor is definitely rising -- and about a week ago, you can see the move accelerate!
On the top, LFAP has been testing $0.095 for awhile, which means any sudden leap above that level would constitute a technical breakout.
As you know, I hunt breakouts because that’s when all the technical indicators swing and traders can really “ride the whirlwind!”
Right here, LFAP only seems to be about 5% or 6% away from raising the technical roof, so that kind of inflection point fun is possible here.
Look at the lines: RSI way up in “bull indicator” country without crossing all the way to “overbought.” MACD flashing with accelerating momentum.
And with the kind of news flow LFAP has been giving off, we’ve got plenty of headlines to grease the gears.
What’s got the analysts calling LFAP a “perfect” play on digital media? (Read more)
Fitness. People take their phones to the gym, read magazines on the iPad hooked onto their treadmill. (Read more)
They check their pulse and the headlines on their wrist band or watch! Hey! Samsung just made a smart watch for just this purpose!
Get LFAP content like YouWorkout Magazine on the smart watch, and it’s no wonder traders are excited!
Did I mention LFAP is already signing up subscribers and actually posted a 30% gross profit last quarter? (Read more)
Men’s Health is the crown jewel of a $400 MILLION empire, so there’s almost endless opportunity for LFAP to grow down here at $0.09 a share.
If LFAP can carve off even 0.01% of that market, we’re looking at bona fide exponential growth.
Right now the chart may not reflect every bit of that story. It probably doesn’t include the smart watch market, since that only hit yesterday.
So if your pulse is racing, load LFAP and let’s get a little cardio this morning!
See you soon!