SWBI trade ideas
SWBICup & handle trying to break out. Should continue to run 2nd half of the year if it can get above $23.50 imo.
SWBISmith & Wesson got a little cup & handle action going on. Lot of chaos in the country/world today so not surprised to see gun companies performing well.
$SWBI Smith & Wesson Brands Resistances / Targets
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice.
Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment.
SWBI going up?the channel identified from highs and lows within recent time periods, will it continue? I have also drawn my personal prediction for price action in black lines.
$SWBI Head and Shoulders BottomLooks interesting here trying to breakout of the neckline of a head and shoulders bottom base.
$SWBI on Watch List for Swing Trade$SWBI beat on both earnings and revenue but could not buck the market which speaks to weak RS. However, with the earnings beat I would think this should bounce back. This would only be a swing trade for me as I'm sure possible future regulation changes weigh on it's valuation. I have an alert set at $19.40. If it can get over that price I'll look for a good entry and look for it to test recent highs which could be good for a 2 to 3 point gain. All TBD.
Here are the earnings as reported by Earnings Whisper:
Smith & Wesson Brands (SWBI) reported 3rd Quarter January 2021 earnings of $1.12 per share on revenue of $257.6 million. The consensus earnings estimate was $0.82 per share on revenue of $236.7 million. The Earnings Whisper number was $0.91 per share. Revenue grew 54.6% on a year-over-year basis.
SWBI breaking out of Weekly C & H with Hidden Bull divergenceSWBI 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 RSISWBI 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
lets see Civil unrest continues most likelyPeople 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
SWBI time to take profit?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, when the government scares people with anti-gun talk, people buy guns and send speculative values in the stock market on a run. I personally think the fundamentals are different considering EVERYONE just bought 3 guns in 2020, along with all the ammo and reloading supplies the world had to offer. In short, there is no longer a crazy demand and the supply was already beaten down. If anything, the next stimulus gets kiboshed and everyone that bought their first gun in 2020 starts pawning what they have the least use for.
Pawnshops are about to have some badass inventory!
SWBI Prediction 01/202131 day view and January highlighted. Income and outcome prices, highs and lows. basic analysis of pattern. expect a bull high after 01/20/2021.
Second AmendmentI 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 C & H and good r/rSWBI 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.
