SWBI: Locked and Loaded, heading higherSWBI has a very bullish setup. Wave 2 may need one more leg down sub-$11.50, but it is not required. Appears to be a very high probability double over the next 12 months.
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About Smith & Wesson Brands, Inc
Sector
Electronic Technology
Industry
Aerospace & Defense
CEO
Mark P. Smith
Website
smith-wesson.com
Headquarters
Springfield
Employees
1.723K
Founded
1852
ISIN
US8317541063
Smith & Wesson Brands, Inc. is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm's brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech. The company was founded by Horace Smith and Daniel Baird Wesson in 1852 and is headquartered in Springfield, MA.
SWBI trend reversal?rejection should’ve occurred around 10 in this January rally but, instead, we had a break out, pull back to 10 and continuation right up to the trend line. We had a tenuous break out from the trend line, into the gap. reaction 11.27, 11.50, 11.64 and 12.50 areas to watch.
SBWI looking bearishPolitical climate over the next 2 weeks may be a reason to consider bullish position on SBWI.
White is an overlapped timeline of price performance under similar past catalysts.
@SWBI Close to Breaking Down$SWBI Looking to break a support area. I will be looking to short this one on a break below the $13 area with a stop just above the blue support / resistance area. Next logical support area is down in the high $8.xx range which represents over a 30% decline. See notes on Chart. Lots of reasons this
SWBI to slide lower$SWBI trades in these large cycles up and down due to the big swings in sales. After big surges up in sales typically those sales contract which we are seeing now. I think SWBI will likely trade down into the $6-8 range.
Do gun stocks benefit from the regulation debate?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 fut
Very clean long opportunityLooks, holding important levels on this consolidation and looks like accumulation. Theres other reasons i have but i dont wanna get banned from trading view. >:3.
Swbi 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
SWBI approaching last line of support!!!🔴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 !
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