SWBI breaking out of Weekly C & H with Hidden Bull divergence on Daily on MACD and RSI. MACD turned green on 4 hr. Low risk area. Good R/R. Not Financial advice. Do your own DD.
SWBI C & H on the weekly, with Bullish Div on MACD and RSI. Also has Bullish Divergence on 4 hr and Daily and looking primed to move higher. Position trade. Not financial Advice. Please do your own research
People Will buy guns! Liking the Flag pattern forming looking for some volume next week. should be some protests paid for by big business. look for volume forming on break of flag
price is on support level, if breaks 21.7 has big upside.
Per my last longer term SWBI chart (linked below), we are on the back side of a beautiful W. Targets for tomorrows price action are the intersections of the free-hand lines (green and red) with the channel lines (yellow). This one could go either way but is likely to be full of volume to the downside considering the recent 6 month run up in price. Historically,...
31 day view and January highlighted. Income and outcome prices, highs and lows. basic analysis of pattern. expect a bull high after 01/20/2021.
I project a peak price of $26 by the end of January, then an overall downward trend starting in February as political stability in Washington develops. With the courts being packed with republicans, I doubt serious regulations or massive tax increases on the Gun manufacturers will occur.
SWBI breaking out of a C&H and supported by macro. Good R/r should run to first target where you can assess profit taking or holding on to next level. Not financial advice. Do your own DD.
Potential entry above $ 18345 Target price $ 19.75
Smith and Wesson might have put in a bottom testing its 200 MA and breaking strongly above its 50 MA that was acting as resistance. In doing so, the stock also cleared a 3 month down trendline. Looks interesting for a long swing trade back to the highs set in early September.
This is not a high confidence trade, but the returns could be nice.
Trend Line Trading: The Trend Breaker Strategy This trendline breakout trading strategy uses three indicators, which are the following: MACD- The inputs for this indicator are: Fast Length= 12 (represents the previous 12 bars of the faster moving average), Slow Length= 26 (Represents the previous 26 bars of the slower moving average), and Signal Smoothing= 9 (...
Requested videobreak down!
well this is consolidating nice along moving avg. perfect pullback to enter at high of day next week. though i feel it is a good swing trade rather then momo but can prob. go either way. election Biden win gonna explode trump win civil unrest = Guns and ammo..... Bought long calls into may and might trade