There are no riches at the end of this chart, just endless misfortune for investors besotted with the speculation of a possible deal with APPLE to integrate WATT wireless charging into all new phones. In February 2019 WATT did announce a deal with Chinese smartphone maker VIVO and the stock plunged on the news. Unless there is some signs of earnings or a deal that...
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.
(WATT) Energous - 2018 PT: $12 (+23%) - 2019 PT: $20 (+105%)
+ Acquire the necessary certifications to sell their products across the world.
Future Events / Technicals
+ SK Information & Communication Technologies (ICT) Summit, Wednesday, October 31st
+ Earnings is expected for November 14th
+ Bullish Engulfing Oct. 7th & 8th, with a tape...
I am little slow putting this out. Original signal to enter was around 4/1 at the .764 fib retracement level of the crazy spike. Now that it has soundly bounced I am projected a short term target of 25 and long term target between $40 and $50.
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...
For the last 10 days, the stock has been holding strong at 15.15. It may signal that there is a huge support by investors or hedge fund managers ahead of the product development of their wireless charging product(s).