VERSES (VERS.NEO), a next-generation AI company providing foundational technology for the contextual computing era announced today that VERSES’ founder and CEO, Gabriel René, will present a corporate overview to investors at the 15th annual LD Micro Main Event conference on Wednesday October 26th at 11:30 am PST/ 2:30 pm EST at the Luxe Sunset Boulevard Hotel in Los Angeles. A copy of the company’s slide presentation will be available on the investor section of the VERSES website at the conclusion of the event.
The Main Event is one of the world’s leading industry conferences in the investment community. This year’s 3 day conference will be showcasing over 200 notable companies and will be the 15th year. It is known as the “Woodstock of Micro-cap” and will host prominent people and companies in the small and micro-cap world. For more information on this year’s LD Micro Main Event XV, visit this site.
LD Micro aims to be the most crucial resource in the micro-cap world. Whether it is the index, comprehensive data, or hosting the most significant events on an annual basis, LD’s sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies.
Back in September 2022, I outlined that the stock broke down below a major support level. This was the $0.95 zone. I did tell investors that I expected the stock to drop to its next support level. Nothing to do with the fundamentals of the company, but due to a technical breakdown.
Our support target has been met, and the stock is now basing. There could be a double bottom pattern forming which is a reversal pattern. This pattern looks like the shape of the letter “W” and it indicates reversal because no new lows are made.
For VERSES, the base (or support) of this double bottom comes in at the $0.57 zone. As long as price remains above this level, the double bottom is in play. The trigger is the breakout above $0.73. This would initiate a new uptrend which would take us back to $0.95 and then back over $1.00 on the path to make new record highs.
Alternatively, if VERSES breaks below the $0.57 support, then we would move down to the previous record lows at the $0.39 zone.
However, with yesterday’s candle closing above my moving average, the probabilities of a recovery and subsequent breakout has increased.
Full Disclosure: VERSES Technologies Inc. is a marketing client of Equity Guru.