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Longs look good under green line, stoploss under white line. Targets above green. THIS IS NOT FINANCIAL ADVICE. THIS IS RECORD KEEPING ONLY. DO NOT BLINDLY FOLLOW THIS TRADE.
retest support coming from continued profit taking, no speculation as to what happens from that cool off period
Entry price : 6.01 Fundamentals : - Sector: Defense - EPS % Chg (Last Qtr): 39% - EPS % Chg (Previous Qtr): 25% - 3 Year EPS Growth Rate: 0% - EPS Est % Chg (Current Yr): 0% - Sales % Chg (Last Qtr): 293% - Sales % Chg (Previous Qtr): 116% - 3-Year Sales Growth Rate: 78% - Annual Pre -Tax Margin: -99%
$POWW #tradeidea + 4th Quarter Fiscal Year 2021 Guidance Reflecting a 317% Year-Over-Year Revenue Increase + This is the fourth straight quarter of year-over-year triple digit growth + interest in more guns and bullets stocks with political uncertainties + ammo technology leader + 306% sales growth last quarter + entered into a significant import/export deal news...
Bullish Pennant, awaiting confirmation Pros: Descending volume during formation Volume during break out (Big) PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending Golden cross circled in blue R/R ratio above 7 250RSI above 50 200MA ascending If confirmed: PT = 5.36$
Poww seems to be making the bullish pennant pattern. Will consider getting in, but not sure.
Seems like a speculative play but it is very attractive as ammunition is needed for guns. With United states being a huge gun ownership country i expect this stock to go up. recent news that they have over 130 million dollars in back orders. will wait for a pullback to get in as it went up too fast.