Symetrical triangle. Previous trend support 15.85. Pop above 16.39 would breakout of syrmetricla triangle. Could target back to 17.90. If we lose 15.30 would mostlikely see a lower low. I’d test w buy at 15.85 if holds at least a 30 min close above that and stops 20 cents below
a move below 13.56 and we will see a lot more downside, if we can climb above trend resistance/19.48 then my upside targets are 23.35-32.03 ! like and follow for more ❤
Today's trading idea is focusing on NASDAQ:SWBI The stock is gapping down to $14.5 (pre-market) after worst than expected EPS and sales results. The stock broke a major support level and now pre-market trading is below that level. The idea is to go Short at the open when it will try to move higher and fails. (What we call a gap and Go)
This is a great spot for a long entry. $SWBI has broken out of it's channel and is looking to make a MASSIVE leg up! Smith & Wesson Brands, Inc. is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm's brands are...
SWBI * Above 22.17 is my buy alert. Possible Scenario: LONG Evidence: Price Action TP1: 23$ Very steady and bullish moves, it's time for break out Call options, Strike 25$, 12/17/2021 *This is my idea and could be wrong 100%
I am going to get some leaps here. Thinking of 2023 or March 2022. It has good upside potential with the latest geopolitics. Technical: Hit 40 then retraced, might go for .886 especially since we have a double bottom Humble Opinion: 1> The US takes out troops from Afghanistan - Okay.. 2> Taliban "seems" like they are "trying" to do their best to "reform".,,...
$20-23 range could be a good area to accumulate for next bounce. I think $21.50 or so could be the bottom.
After a big move out of the long-term triple top, we pulled back to the 50ma and the .618 fib retracement. This is also in line with the market after today seeming like the bottom to the market correction that occurred last week. This may also have red to green/ green to red tendencies given how one sided the swings were and today was a green day. Looking for a...
$SWBI broken out of a 14-year structure. More data needed (price needs to hold above $24.00, but it looks to be breaking out to the long side.
Today SWBI filled 100% of its predicted target price as per idea posted on June 24th! Follow me for more of this good stuff!
Stock is extremely cheap now. We've seen multi-weak breakout with super powerful catalyst of extremely good earnings. I think this stock could be very long-term runner, especially mentioning 60% raise in dividends. I have a starter here at $25.85, gonna sell into the strength and keep 50% of my position for the moon-bag with the risk at 10day SMA
A huge impulse if forming. It literally shot off for this gun manufacturer, and we are not done yet in the general scheme of things - just that we are foreseeing a local correction. This is a reflection using technical analysis + only and we do not consider valuation and macro factors at this stage. The Fibonacci targets going down are highlighted in purple...