Bringing AI To Bear On the Mortgage Industry
Contributed Opinion

1. Beeline Holdings Inc. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
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Whilst it was disappointing that Beeline Holdings Inc. (BLNE:NASDAQ) slumped back into pattern after we last looked at it late in January, it has been shaping up well during February. This is a company that is bringing AI to bear on the mortgage industry, streamlining it so that instead of wasting huge amounts of time visiting offices and waiting weeks or months for an answer, a young person trying to organize a mortgage can sit on a bed at one in the morning using an app on their cell phone and organize a mortgage within hours or even minutes if they meet requirements.

Even in a bleak economic environment or in a housing downturn, there will still be mortgage transactions, so the company should have a bright future. It is thus interesting to learn that since we last looked at it and under a week ago, the company closed a $5 million funding, with over half of the capital coming directly from the CEO of the company, which is a vote of confidence if ever there was one. This is why a big bullish candle appeared on the stock chart on massive volume on the 19th. This news followed the news out a week earlier that Beeline Loans and RedAwning Partner to Revolutionize Real Estate Investing.

The shorter-term year-to-date chart enables us to see recent actions in detail. On this chart, we can see how the price drifted off after we last looked at it late in January towards the band of strong support shown, where a run of bullish long-tailed candles has appeared in recent weeks and the two "dragonfly dojis" highlighted on the chart mark the lows of a small Double Bottom.

The second of these was a really big one on huge volume, which appeared following the news of the completion of the funding, and it clearly has bullish implications. The price has consolidated over the past couple of trading days and is expected to advance from here. Note that Stockcharts are out-of-date with their name at the top of these charts — Eastside Distilling was the old name of the company.

Although the volume pattern is unintelligible on the longer-term 7-month chart because the massive volume on a day early in September has had the effect of "squashing all subsequent volume flat," this chart is still illuminating because on it, we can see that the price is moving towards completion of a fine Cup & Handle base and, having drifted back towards the lower boundary of the Handle of the pattern to become somewhat oversold the stock is at a very good entry point here since it doesn't look like it will be long before it breaks out of the top of this base into a new bull market.

This is, therefore, considered to be a very good point to buy or add to positions in Beeline Holdings.

Beeline Holdings' website. It is assumed that an overhaul of this website is in process as this is the website for the old company, although it does have some recent news.

Beeline Holdings Inc. (BLNE:NASDAQ) closed for trading at US$0.77 on February 26, 2025.