Small Cap Software Platform Setting up Explosive Breakout
Weave Communications (WEAV) shares of the small cap software name are showing great relative strength all month and coiled up near highs as it builds energy for an explosive breakout above 16.50. WEAV closed Tuesday just above monthly value area and triggering a bullish MACD cross as it has plenty of space to run up higher to the 20 level which is a former VPOC on the volume profile from late 2021 when it became public. WEAV still has 7000 February $15 calls in open interest from late October action at $1.00/contract and revenues seen rising 15%+ annually each of the next two years.