Buy Signal on PARROT (PARRO-FR)

We had an Enter Long signal on August 28th 2020, triggered by our system on Parrot (PARRO-FR) the French Drone company.

Parrot is a € 104 Mn market cap and the leading European drone group. Parrot is the only company to master the entire chain, from equipment to services and software and is the world number 2 in the consumer drone market, designs products and software. The group also has a set of solutions for professionals, covering equipment, software and services. The offer is centered on 4 verticals: video and photography, precision agriculture, 3D cartography-geomatics-inspection, defense and security.

The company activities are impacted negatively by the Covid-19 crisis, but more structurally, the chines-US tech war may become an opportunity for Parrot to regain market share on its main competitors DJI and Power vision.

Short term catalyst: Chinese tech ban in the US .

This signal looks mainly company specific.