$SURG Finding Support After Trendline BreakoutOTC:SURG shares are battling for support after holding and achieving a bullish breakout above trend line resistance to start this year.
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Surge Holdings Inc. (OTCMKTS:SURG)
Surge is a retail supply chain company that provides a virtual wholesale marketplace hub for retailers, as well as telecom services for low income customers and financial payment services for the unbanked and underbanked.
Surge products are delivered through a nationwide network of convenience stores and corner markets connected to the recently launched SurgePays Network.
This retail platform is designed to transform the traditional supply chain by providing local retailers seamless access to global products and to empower the corner store to select, order and fulfill delivery of wholesale goods from around the country.
This platform also provides manufacturers a cost-effective and efficient platform to access point of sale retailers nationwide.
SURG
$SURG Sets Up For Next "Surge" on Fresh Channel RSI Buy SignalSURG is back in the bullish setup zone that has worked perfectly already three times in the past 5 months.
And the fundamentals are on board with this view in a big way:
• Recent acquisition to add 9,800 stores to Surge Network, push Revenues to $68M annualized pace, which is 4,600% topline growth over prior 24 months
• Made Deloitte’s exclusive “Technology Fast 500” list as one of the fastest-growing companies in North America in 2019
• Recent analyst research projects nearly 1,000% upside potential for shares
• Expect sharp vertical and horizontal top-line growth as footprint and array expand exponentially
$SURG Breakout Hits First Target, Next Target at $0.70SURG
Surge Holdings Inc. (OTCQB:SURG)
• Redefining digital commerce for the Underbanked marketplace through huge network of c-store relationships
• Recent acquisition to add 9,800 stores to Surge Network, push Revenues to $68M annualized pace
• Made Deloitte’s exclusive “Technology Fast 500” list as one of the fastest growing companies in North America in 2019
• Recent analyst research projects nearly 1,000% upside potential for shares
• Expect sharp vertical and horizontal top-line growth as footprint and array expand exponentially
Surge is surging right now, and may be one of the most undervalued small-cap names in the market when limiting parameters to companies with significant and rapidly growing revenues.
This is a supply chain story with a huge disruptive angle that is starting to drive exponential growth now that the company has fully launched all products and services. We like the story. A lot. Really. The market is valuing this stock at 0.5x forward sales. Alibaba (BABA), another supply chain disruption play, trades with a price/sales of over 10x. A similar valuation standard for SURG (which is growing much faster, by the way) would put the stock at $7/share.
The stock trades at $0.35/share today.
$SURG Breakout Now Fully Underway as Growth AcceleratesSURG
SURG shares are in a bullish posture after holding key support in a strong base formation that pivoted off the $0.25-0.30 support zone. That level now forms the key launching point. And the stock does appear to be launching – up now over 15% in the past two trading sessions on steadily rising volume.
This base is defined by a stunning bullish RSI divergence that often marks key pivots from bearish to bullish trends. The pattern suggests the base has been holding and trailing sideways for a period after major selling – which defined the prior bear trend – had been exhausted for some time. In other words, this stock could be ripe for some big upside potential now that the bull has been awakened to kick off 2020.
Initial resistance levels sit at $0.42, $0.68, and $1/share, but a recent analyst report sees much more upside, placing a target at the $3.25/share level.
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SURG (Surge Holdings Inc.) is a retail supply chain company that provides a virtual wholesale marketplace hub for retailers, as well as telecom services for low income customers and financial payment services for the unbanked and underbanked.
Surge products are delivered through a nationwide network of convenience stores and corner markets connected to the recently launched SurgePays Network.
This retail platform is designed to transform the traditional supply chain by providing local retailers seamless access to global products and to empower the corner store to select, order and fulfill delivery of wholesale goods from around the country.
This platform also provides manufacturers a cost-effective and efficient platform to access point of sale retailers nationwide.
Key Points:
• SURG is attacking the part of the digital commerce map that no one else has managed to conquer: the underbanked in the developed economies, which represents a massive market world hundreds of billions.
• SURG is already making real money, with trailing revs coming in at $16M, and forward revs set for $68M
• SURG is starting to see major topline growth, with total top-line growth over two years moving toward 4,600%
• SURG acquisition of ECS added $48 million in annualized revenue and 9,800 retail stores
• SURG shares recently received a target at the $3.25 level from Goldman Small Cap Research, representing 983% potential upside for shares according to this analysis.
$SURG Multiple Technical Bull Signals in PlaySURG
SURG (Surge Holdings Inc.) is a retail supply chain company that provides a virtual wholesale marketplace hub for retailers, as well as telecom services for low income customers and financial payment services for the unbanked and underbanked.
Surge products are delivered through a nationwide network of convenience stores and corner markets connected to the recently launched SurgePays Network.
This retail platform is designed to transform the traditional supply chain by providing local retailers seamless access to global products and to empower the corner store to select, order and fulfill delivery of wholesale goods from around the country.
This platform also provides manufacturers a cost-effective and efficient platform to access point of sale retailers nationwide.
Key Points:
• SURG is attacking the part of the digital commerce map that no one else has managed to conquer: the underbanked in the developed economies, which represents a massive market world hundreds of billions.
• SURG is already making real money, with trailing revs coming in at $16M.
• SURG is starting to see major topline growth, with quarterly y/y revs increasing at 21%.
• SURG acquisition of ECS added $48 million in annualized revenue and 9,800 retail stores
• SURG shares recently received a target at the $3.25 level from Goldman Small Cap Research, representing 983% potential upside for shares according to this analysis.
• SURG is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.
• SURG just recorded a MACD Bullish reversal, suggesting a technical change in trend.
