CuzDelux

Interesting Play: WRAP

Long
CuzDelux Updated   
BATS:WRAP   Wrap Technologies, Inc.
The stock popped up on my radar a few days ago, and I love what I see. The divergences sync up with the pattern in the most textbook fashion. We see both bullish and hidden bullish divergence across all time frames. Will be interested to see what fundamentals back up any ensuing move to the upside, but its worth noting that this last move was pushed likely by the 50% beat on Q3 earnings released last November. It looks like they are behind on the current release, so will see what it holds.
Comment:
Chart is in log, but I don't really have an upside target and all these seem mighty rich. Looking mainly at structure and strength.
Comment:
This is what I call: "playing ball." Into the box, and then out at a 10% clip, while holding bullish divergence on yet another low ON THE DAILY CHART.
Comment:
Can count a 5 wave move off the bottom, today, and a bullish (B) wave, and a wave (2)...if so, this is what tomorrow, next couple of days COULD bring.
Comment:
Welp, we got precisely that^^within an hour or two of the chart, above. But, actually, I would now like to see something like this, with one more high on negative divergence to complete Micro ((1)), then we can track the correction.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.