Monthly: Double bottom
Monthly: in October there is a high chance to get a signal from BS indicator
Weekly: RSI divergences
Daily: RSI divergences
Daily: seeler's capitulation
Gaps: open at ~$5 and ~$7
MMHVW - I like this company- it has a strong future - but fm how long will it take?
"The fourth quarter financial performance was under our expectations due to the delay in engineering services revenue and chip orders from two top tier consumer electronic companies, as a result of changes to their own internal schedules," CEO Stephen Rizzone said in a statement....
WATT has Intellectual Property for high growth, sales and issue is cash flow and time to profitability, as well competitive players which a couple exist.
Watch for weekly candles, MACD cross (blue over orange), and CCI crossing 0. Volume would also be a good signal on this one for cash flow.
All of this is speculative, do your own reasoning. Opinionated analysis.
Okay lets break this down.
GLD in general looks to be making a trend to the up. Obviously NAK would relate to that movement. (or could)
Now on the 4hr Chart I have plotted 2 dotted lines one on the Line graph and one on the RSI.
* a bearish price
* with bullish pressure
the Volume Flow...
WATT is in our watch list since it has broken its Channel formation. It has good insider selling. We think it will continue its decline. To trade this we would consider August $12.50 puts
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Upward channel breakdown short
Entry Criteria- $13.83
Exit Criteria- $10.83
Stop Loss Criteria- $16.37...
WATT is sitting right above 16.14 resis. level now, having blown thru 16 & 17 levels from 15.5s (gapping up) on news of DLG $15 million additional investment. It tested high 15s today (but still hasn't filled the gap to 15.5) and looks like it's trying to establish 16.14 resistance level as support now. Based on previous action and a heavy short position, I'd...
WATT blew thru 16 & 17 level resistance and now sits on top of 17 level this morning due to an announcement that Dialog Semiconductor has invested an additional $15 million in Energous/WATT (on top of prior $10 million investment) - another nail in the short thesis coffin (who argued they would screw shareholders and dilute by mid May of this year...). CEO Steve...
My overall outlook for WATT is long and this scenario gives a good reason for entry. Stocks don't move based on technical as much as it does with fundamentals. But you can definitely use technical setups to find a good entry. Will be looking to buy WATT at 12.40. Short term target is 14. Long term target is 19.
Trade with care.
We are watching for a good entry point on Energous with the expectation that price will jump to the green range by JAN 5, when WATT will demo wireless power rx/tx in consumer products. Successful product shipment is already being priced in as the chart follows the green range into DEC. We will look to add to our position if price falls into lower blue range in DEC.