AMMO, Inc. (NASDAQ: POWW) presents a moderate trading opportunity based on a confluence of technical indicators and recent price action as observed on the provided daily charts. The stock currently trades at $2.51, experiencing a slight downtrend as indicated by the recent bearish candlestick patterns. The Ichimoku Cloud, Fibonacci retracement levels, volume, and...
There is going to be a big move. Either a break of trend and push toward resistance. Or a break and fall toward support.<---(which is not likely to be held)
Looks like a tight flag is forming on the daily chart, though it's only been three days and there is no interaction with the daily timeframe moving averages.
On the 1hr and 15 minute timeframes there is a clean looking triangle pattern. I would see what happens on Monday morning and if it breaks the triangle try out an entry, leaving your stop loss just below...
Ammo Inc is testing the 200sma after recently forming a potential triple bottom pattern. A move above the 200sma would likely lead to a test of the upper resistance line near $2.60. Should price beat the upper resistance line with a close and open above that $2.60 level, our projected upper target is near $3.60 based on the $1 measured move from the valley of...
Not an investment recommendation. This chart was made for personal study and personal use only. If you liked the idea, please like it. If not, write why. In my humble opinion, the price will go up.
Key Levels:
Key Level of 5
- If key level can hold support i'm looking for next resistance targets at 5.5 then 6
- If key level cannot hold support my next bounce area is the daily 200ema at 4.9
- Stock breakout out of major resistance at 5 today.
- Look for more upside into resistance then a possible short scalp or short swing to retest 5.
- If we get a...
The ammunition industry has been far behind in production capacity to meet the enormous increase in demand. As long as crime continues to be a problem in America, there will be an outsized level of demand. POWW Just opened a state of the art ammo plant in Q2, revenues have grown from $0 in 2016 (startup) to $62.482 million in 2021; with company and analyst...
I set some wedge lines in early March and watched... I really thought it might break the double top then triple top then quad top, but the bears ruled the chart. Now the Triangle indicator popped up. Lets keep a close eye on the new thick line and my old thin line. Several days of consolidation between the two. Break of either will give good stop loss line and...
Ammunition is an integral part of military structures and requires continuous supply. In any case, if the company manages to have important orders with the Army, the stock could have important upward movements. Interestingly, the company is debt-free.
Investor Relations internet address below:
ammoinc.com
Falling wedge breakout with backtest. Targeting top of the wedge and then $14. Sitting right at entry extremally oversold and showing resilience to the overall market weakness. Overall bullish trend (higher lows) and potential cup with handle.
Entry: 7.40
PT1: 10,00
PT2: 14.00
SL: 6.45
POWW is trying to hold the $7.50 support which is a good sign but if it doesn't I think that it will present even better trading opportunity with very obvious entry and SL area. Keeping some cash on the side in case we go down to $6.50 zone.
Cup & Handle idea still valid with $14.00+ target should it break above $10.00.
