SWBI has a very bullish setup. Wave 2 may need one more leg down sub-$11.50, but it is not required. Appears to be a very high probability double over the next 12 months.
With every mass shooting incident in the US calls for stricter gun control legislation grow. But paradoxically, mass shootings also lead to a surge in purchases of firearms, as Americans arm up for their own safety and over concerns that certain types of guns may become harder to purchase in the future.
Stockpiling guns and gun stocks
As consumers stockpile...
I'll do my best to leave the politics out of this.
Mass shootings are in the spotlight again, and it would be obvious in hindsight to see a boost in demand and sales for security systems such as metal detectors.
NYSE:GWW , who just teamed up with The Mom Project, had $13 billion in sales in 2021 and is a leading distributor with operations in North America,...
I found this fancy looking cup and handle pattern waiting to form.
If outdoor advertising (aka Guns & Ammo) is your cup of tea its worth a second look.
Not Financial Advise. Just a 007
Per my last longer term SWBI chart (linked below), we are on the back side of a beautiful W. Targets for tomorrows price action are the intersections of the free-hand lines (green and red) with the channel lines (yellow). This one could go either way but is likely to be full of volume to the downside considering the recent 6 month run up in price.
Historically,...
trading off the 10 & 20 EMAs, the daily is about to confirm the retest and signal an uptrend on the daily (green candle closing above the EMA cloud with the 10 over the 20) which could easily invalidate the idea published here: breaking down the right side of the blue "M".
If the "M" does play our as depicted, it will simply paint a larger "W" with an upside...
Holding the current trend on the 15 min chart, moving higher in the channel. Possible that the election cycle has more people hoping for a 2016 repeat in SWBI.
BE CAREFUL, Could very easily crumble back to $15.00 by the end of November for a retest of the 10&20 EMA from the daily chart, if the election cycle doesn't push the demand higher.
🔪 If you are a bear, the last thing you want is to be staring down the barrel of this Smith & Wesson chart especially after Warren Buffet's successor David Portnoy set his sites on it.
SWBI has been on an absolute beast of a run since the bottom as demand for firearms increased during COVID.
We have some clear support levels going into what should be a solid...
Byrna Technologies, Inc. is engaged in the development, manufacture and sale of non-lethal ammunition.
It operates through the SDI and SDI Canada segments. It offers non-lethal weapons for military and law enforcement personnel.
The Byrna HD is not a firearm*, but is an incredibly powerful and effective self-defense weapon for men and women of all ages and...
SWHC climbed quite high in anticipation of a Clinton victory, primarily because gun sales surged as people anticipated a future with tighter gun control.
With that being said Trump is very 2nd amendment friendly, and long term could be great for this stock.
Another key thing to watch out for is an upcoming name change for the company. The companies new name...
