American Outdoor going for a walk. AOUT.Bearish outlook for gains at 17.79, then 15.95.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Americanoutdoorbrandscorp
AMERICAN OUTDOOR BRANDS CORPORATION (AOBC) WeeklyDates in the future with the greatest probability for a price high or price low
AMERICAN OUTDOOR BRANDS CORPORATION (AOBC) DailyDates in the future with the greatest probability for a price high or price low
Good buying opportunity on SWHCSWHC climbed quite high in anticipation of a Clinton victory, primarily because gun sales surged as people anticipated a future with tighter gun control.
With that being said Trump is very 2nd amendment friendly, and long term could be great for this stock.
Another key thing to watch out for is an upcoming name change for the company. The companies new name would be "American Outdoor Brands Corp". While it will never have the ring to it like Smith and Wesson will, this name would reflect the companies holdings outside of firearms and could suite the company well.
I'll be watching this stock for a bit. Might go down a bit more this week, but I see a lot of potential here.