Wearable Health Solutions (WHSI): Strong Chart Signals, Big End Market, Mounting Catalysts

Wearable Health Solutions Inc (OTCMKTS:WHSI) is an attention-grabbing small-cap inventory within the booming senior care market that has been underappreciated by the market however seems to be testing key technical help, so it might be price a more in-depth look.

First off, the corporate manufactures medical alarm units to summon assist in the occasion of an emergency. Given latest highly effective advances in coordination between networks and civil service infrastructure immediately, this can be a reputable telehealth know-how useful resource.

The firm’s merchandise are designed and marketed primarily to the aged, bodily disabled, and people dwelling alone by way of a big worldwide supplier base. The main market focus, on the aged, positions the corporate as a key participant in one of the vital aggressive development themes looking at us over the subsequent 20 years.

Due to demographic components, about 10,000 individuals within the US will flip 65 years previous each single day for the subsequent 20 years.

Recent Progress

As far as latest catalysts, the corporate is transferring ahead alongside a number of thematic strains.

WHSI is transferring towards a coming uplist to the OTCQB tier at OTCMarkets.com. They have already engaged an auditor to do the required audit of two years of again monetary data. We can count on extra updates on this theme going ahead.

The firm lately additionally introduced that it’s collaborating in, and has begun to ship merchandise to, a pilot program with the Government of Bermuda, which can promote its iHelp Devices by way of an area supplier community to additional develop the Company’s enterprise within the area.

Pilot applications could be important to development in an organization like this. The Bermuda program could give WHSI key exhausting knowledge on improved emergency care and well being outcomes amongst their goal inhabitants that they will then take to different massive potential prospects and increase buy orders.

According to that launch, the Ministry of Social Development and Seniors has launched this pilot program with the Disability Center of Bermuda (DCOB) which is investing in Care Safety and Security (ICSS) to supply GPS “Life Safety Devices” at a lowered value for seniors with Dementia, Alzheimer’s and individuals with disabilities.

The different huge information from Wearable Health Solutions Inc (OTCMKTS:WHSI) is a significant step by way of its world product and investor publicity: it has entered into an settlement with ‘Worldwide Business with Kathy Ireland’ to create impactful video items designed to teach the Company’s goal market of sellers and distributors of Wearable Healthcare units, and to be used in promos and social media for prospects, purchasers, and associates, together with, however not restricted to Facebook, YouTube, Instagram, Twitter, and Linkedin.

According to the discharge, the collaboration is designed to create video advertising autos that shall be broadcast through a number of social media and tv platforms so as to convey consciousness to WHSI’s services and products and to extend the Company’s share of the Global Medical Alert System Market. The market is estimated to be $7.4 billion in 2021 and is anticipated to succeed in $10.9 billion by 2026 with a wholesome CAGR of 8.3%. With the big scope of attain of Ms. Ireland’s community, WHSI intends to see a big enhance in supplier {hardware} gross sales and airtime recurring income.

The deal will give WHSI US and International tv publicity together with: Fox Business Network as branded content material – 80 million potential US Cable Households together with 20 million DirecTV subscribers, Roku (43 Million Active Accounts), Amazon Fire (40 Million Users), and Bloomberg International Television Exposure (198 million Cable Households) in Western Europe, Eastern Europe, Central Europe, Middle East/Africa, China, Hong Kong, Japan, Taiwan, Singapore, Malaysia, Mexico, Brazil, Argentina, Colombia, Venezuela, and the Caribbean.

A Look on the Chart

Technically, Wearable Health Solutions Inc (OTCMKTS:WHSI) lately put in a rising base sample, with vary lows coming at rising ranges over the previous yr.

The most up-to-date motion has additionally generated an RSI bull sign with a tailed, or doji, candle coming at a sub-34 print, with the shut holding the help within the greater base sample. That suggests robust potential accumulation beneath that vary, providing merchants and traders a degree to play towards.

We would additionally be aware that, in response to OTCShortReport.com, shorting exercise has gone by way of the roof within the inventory over the previous week, with greater than 60% of all transactions coming from brief curiosity in 3 of the previous 6 days, and nearly 18 million shares shorted over that very same interval.

That suggests the inventory might be ripe for a brief squeeze on any new inflow of bullish curiosity.

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About the Author: Amanda