This post first appeared on Micro Cap Daily

Netlist, Inc. (OTCQX: NLST) stock price has been following an unusual pattern in the past six months, ever since it saw a massive spike up that took its price from $0.02 to $1.1. The sudden surge ended as suddenly as it came, and the price saw a major decline in September. However, even with a decline of this size, its drop was still stopped at a much higher support level than prior to the surge.

Ever since mid-September, the price’s strongest support was at $0.3, which is still much higher than $0.02 where it was before. In following months, the price would follow an unusual pattern, where it would steadily climb towards a resistance at $0,7, only to suddenly drop back to $0.3 or $0.4, as this level was also known for acting as a strong resistance. As soon as the price reached one of these two levels, it would once again suddenly surge back up, attempting to breach the $0.7 level. The latest such surge was in late March, and the price has been declining ever since. At the time of writing, it sits at $0.38, and it has dropped by 1.67% in the past 24 hours. If the pattern holds, the next few days are likely to bring another massive spike up.

About Netlist, Inc.

Netlist, Inc. is a provider of high-performance SSDs, as well as modular memory subsystems to enterprise customers in various industries. The company’s main products are EXPRESSvault and NVvault, which allow users to significantly speed up data processing in their servers and storage. It also provides reliable protection of enterprise-level cache, log data, and metadata in case that there is a trouble with the system.

This technology prevents the loss of data even in cases of a power outage or system failure, which is of great benefit to countless businesses in pretty much every industry. Netlist also has a next-gen storage class memory product, known as HybriDIMM. HybriDIMM addresses the growing need for real-time analytics in high-performance computing, in-memory databases, big data apps, and advanced data storage solutions.

Finally, the company also produces and offers specialty and legacy memory products to various customers, including those in storage, appliance, and system builder industries. Its products are also found to be of great use for cloud and datacenter customers. With a large portfolio of patents in the areas of storage class memory, hybrid memory, load reduction, and rank multiplication — this is a highly respected and influential firm that is more than worthy of investment and support.

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Netlist’s progress in 2019

For the most part of its existence, Netlist has been working hard on developing its products, obtaining patents, and perfecting its technology — all for the benefit of its partners, customers, and shareholders. Its patents are getting approved even now, in 2019, with the latest one gaining approval in mid-February of this year.

The company did face one roadblock which had continued to haunt it for several months now, which is the issue of SK hynix, which led to the US ITC (International Trade Commission) issuing a claim construction order in the investigation of SK hynex’s RDIMM and LRDIMM enterprise memory products.

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The order, however, was favorable to Netlist, and the investigation has yet to be concluded, which is one of the problems that are holding Netlist’s progress back at the moment. However, the company is highly-capable and resourceful, and it continues to advance and expand regardless, which makes it more than worthy of investment. Once the legal issues are taken care of, it is more than likely that the firm’s stock price will explode, and if the pattern discussed earlier holds, a massive surge may be approaching in days to come. We will be updating on Netlist when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Netlist.

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Disclosure: we hold no position in Netlist either long or short and we have not been compensated for this article.

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This post first appeared on Micro Cap Daily

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