I LOVE getting in on long term calls when a stock price is really low (like under 10, definitely under 5), cause the options are priced SOOO freaking low. This thing is under 1.50. Calls for Jan 2024 are around 0.50. In the past year it has gotten above 6. If we have a roll over in the market and early next year might look to pick up some Calls for Jan 2025. Thing...
Energous Corporation develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices.
Once it hits the below of the channel, it will reach around $4-5. Further, 2 dollars is great support. If it breaks that trend line, it will go to the moon!
This swing trade idea is based on the previous moves (for the past few days).
ENTRY: $2.52
STOP: $2.47
TARGET:$2.68
R/R : 1 / 3.2
Not financial advice .
$WATT created a double bottom and is rebounding. Next targets: $3.00 and $3.60. I'm just in a LEAP for WATT so not too worried about the little dips as long as it stays healthy!
Demand Zone Conformation
WR crossed -80
OBV is not good yet
Entry 2.73
Stop 2.00
Target 7.2
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
WATT just formed a beautiful Morning Star candlestick pattern which may have identified $2.25 as a new bottom. Morning Stars are usually good reversal points, and as long as it doesn't close below $2.25 then it will remain as the new bottom. The Oscillators aren't that tempting to enter into a new trade, but if WATT can break $3.00 then I would be happy to enter....
The upside its overwhealming. The resistance being broken resulted in huge moves before and rejected strong uptrend to turn them into neutral movements for many bars. Now it its moment to shine and break through this milenarian resistance.
Good luck, though you wont need it for this one.
Just a thought,
Enjoy!
The entered market is in a crash mood. However, let' see beyond the psychological panic effect.
One thing I learned through my life experiences is that behind every negative event, there is always a hidden opportunity.
Almost all stocks are in consolidation, pennant, falling wedge or bullish flag. getting ready either for another deep or a rally. I believe that...
WATT (Energous Corp.) Identifying the primary breakout levels indicates a high probability for a breakout event beginning on 21/3/8. WATT has had two prior breakout events at the 3.80 level, first on a descending trend and second on an ascending trend, with a high peaks realized following descending trend lines (Over-Correction). The current scenario is occurring...
