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WiSA Technologies, Inc.

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WISA trade ideas

WISA Technologies Full Analysis with Key Values to Watch1. Long-Term Historical Performance Significant Decline: The chart shows that WISA has seen a massive decline from its highs in the range of $15,000 back in 2018-2019. Since then, the stock has lost the majority of its value, trading now at around $2.66. Progressive Erosion: There seems to have been a consistent downtrend over the years, indicating sustained selling pressure and likely poor performance or unfavorable business conditions for the company during this period. 2. Consolidation Phases 2021 - 2023: After the major drop in the earlier years, the stock entered a period of very low volatility and consolidation. This phase reflects minimal price action and suggests that most of the speculative interest had dried up during this time. The consolidation around these low levels shows that the market had reached a "floor," but the price stayed depressed for an extended period with no significant breakout. 3. Recent Activity and Volatility 2023 Spike: There is a notable spike in early 2023, where the stock briefly rallied but quickly dropped back to its long-term lows. This could have been caused by a news-driven rally, such as a reverse split or other technical corporate events that temporarily created buying pressure. Current Price Action (September 2024): The stock now trades at $2.66, with a recent 95.59% increase visible in the chart. This mirrors the recent surge seen in the shorter-term charts and signifies a strong, albeit potentially short-lived, speculative rally. This rally is likely not tied to long-term fundamentals given the stock's history, but rather market dynamics, such as short covering or news catalysts. 4. Potential Catalysts for Decline Stock Dilution: Given the magnitude of the decline from such high levels, it's possible the company has issued a large number of shares over time (via secondary offerings or convertible notes), significantly diluting shareholders. Reverse Splits: Another possibility is that the company has undergone multiple reverse stock splits to remain listed on major exchanges, artificially inflating the historical share price but reducing the share count each time, contributing to the illusion of a large fall. 5. Risk Factors and Caution Volatility and Liquidity Risks: The massive drop in stock value over time suggests that this stock is highly speculative and potentially very illiquid. Sudden sharp moves up or down could be expected, driven by small changes in demand or even individual retail traders. History of Failed Rallies: Any spikes in price, such as the one seen in 2023 and potentially the current spike, could be temporary. Historically, WISA has failed to sustain any significant upward momentum over time. Fundamental Weakness: The long-term erosion in stock value could point to fundamental issues with the business, such as financial instability, a failing product line, or poor profitability. 6. Key Technical Levels Support: The stock is currently sitting at historically low levels, with no clear technical support below. Any further downward pressure could result in a retest of the recent lows around $1.00 - $2.00. Resistance: The recent spike might run into resistance around $4.00 (psychological level and short-term technical resistance), with stronger historical resistance at $7.00 and then at $15.00. Key Points Here: WISA Technologies is a high-risk, highly speculative stock that has experienced a dramatic long-term decline from its highs several years ago. While there may be short-term opportunities for speculative traders due to recent volatility, the long-term outlook is uncertain unless the company has made significant business improvements or there is a major catalyst driving the stock higher. It's crucial to be cautious and well-informed about the underlying reasons for any price movement before taking any positions. Be sure to use or create your demo account here at TradingView as that will help you get better with your analysis and trading consistencies. Deno Trading in and out!
NASDAQ:WISA
by Deno_Trading
WiSA Technologies: Poised for Growth with Strong Bullish PatternWiSA Technologies, Inc. (NASDAQ: NASDAQ:WISA ) is making waves in the audio and HDTV market, and its recent developments suggest a promising future. With a strategic focus on licensing its WiSA E technology to major HDTV brands, the company is positioned to capitalize on the growing demand for enhanced audio experiences across various platforms. Here’s a comprehensive analysis of WiSA's current market position, key fundamental drivers, and technical outlook. WiSA’s Strategic Market Penetration The WiSA Association, a subsidiary of WiSA Technologies, announced it has secured licensing agreements with major HDTV brands, capturing 43% of the market share for Android-based HDTVs. Android, being the most widely used operating system in HDTVs, powers over 37% of all units, a significant lead over the second-most popular OS. With over 72 million of the 195 million HDTVs shipped annually operating on Android, WiSA’s focus on this segment provides a substantial market penetration opportunity. WiSA E technology offers a full suite of audio features that can enhance sound quality across multiple devices, including HDTVs, soundbars, mobile devices, set-top boxes, and speakers. The WiSA Association is actively building an ecosystem of WiSA E-enabled speaker systems, replicating the success of its earlier WiSA HT wireless multichannel audio technology. By creating an expansive network of interoperable devices, WiSA aims to drive demand among speaker companies and further strengthen its market position. Key Market Drivers: 1. Widespread Adoption of Android OS: WiSA has strategically targeted the Android HDTV segment, which dominates the market, ensuring broad adoption of its WiSA E technology. This move sets the foundation for future growth as Android’s prevalence continues to expand. 2. Expanding Ecosystem: By collaborating with over 70 member companies, WiSA is fostering an extensive ecosystem of WiSA E-enabled source devices, including HDTVs, projectors, set-top boxes, and more. This integrated approach encourages complementary technologies like Dolby Atmos FlexConnect and DTS: X to run seamlessly on WiSA E’s audio transport technology. 3. Driving Demand for WiSA E-Enabled Speakers: WiSA’s approach mirrors its previous success with WiSA HT technology, which saw widespread adoption across over 25 companies. Now, by focusing on WiSA E-enabled source devices, WiSA is paving the way for a vibrant market of compatible speakers, driving overall demand and enhancing user experience. 4. Growth Potential in Spatial Audio Formats: As WiSA E technology seamlessly supports spatial audio formats like Google’s Immersive Audio Model and Formats (IAMF), it positions itself to be at the forefront of the next wave in audio innovation, catering to an audience seeking immersive audio experiences. Bullish Indicators Point to Further Growth WiSA stock (NASDAQ: NASDAQ:WISA ) has experienced a substantial rise of 55%, demonstrating strong momentum. The Relative Strength Index (RSI) currently sits at 59.75, indicating that the stock is poised for further growth as it’s neither overbought nor oversold. The technical setup points toward a bullish reversal pattern with a “gap up,” which often signals continued upward movement. Key Technical Indicators: The current RSI reflects balanced buying and selling pressure, suggesting that the stock has room to grow without the risk of immediate reversal due to overbought conditions. The gap-up pattern in WISA stock indicates a strong shift in market sentiment. This bullish reversal pattern often points to a continuation of the uptrend, making it a favorable setup for traders looking to capitalize on short-term gains. Increased trading volume accompanying the recent rise in price suggests strong investor interest, supporting the validity of the uptrend. Sustained volume growth could further validate the positive outlook. While the gap-up pattern suggests immediate bullish momentum, it’s important to note that such gaps are often filled in subsequent trading sessions. Investors should watch for any pullback as a potential buying opportunity, particularly if the fundamentals continue to support growth. Conclusion WiSA Technologies (NASDAQ: NASDAQ:WISA ) is strategically positioned for long-term success, leveraging its significant market penetration within the Android HDTV segment and fostering a robust ecosystem of WiSA E-enabled devices. The strong technical indicators, combined with a solid fundamental foundation, suggest that WISA stock is on a path of growth, with the potential to capitalize on expanding demand for high-quality, interoperable audio solutions.
NASDAQ:WISALong
by DEXWireNews
Technical Analysis: WiSA Technologies, Inc. (WISA)WiSA Technologies, Inc. (NASDAQ: WISA) has showcased a remarkable trading session, as indicated by the most recent candlestick on the daily chart. This analysis delves into the technical factors underpinning the stock's movements and potential future trajectories. Technical Indicators Overview Volume The surge in WISA is accompanied by a substantial increase in volume, signifying strong buying interest. The volume, measured at 199.54M, is far above the 30-day average of 7.04M, suggesting a significant conviction behind the move. Fibonacci Retracement Levels Utilizing the Fibonacci retracement tool from the previous high of $8.60 to the low of $3.06, we can discern key levels of resistance and support. The stock has surpassed the 0.236 level at $11.33 and is approaching the 0.382 level at $16.45, potentially heading for the 0.5 ($20.58) and 0.618 ($24.71) levels if the bullish momentum persists. Ichimoku Cloud (First Image) The stock is currently below the Ichimoku cloud, indicating that it is in a bearish territory. However, the latest price action suggests a potential breakout above the cloud may be imminent. A decisive close above the cloud could signal a trend reversal. RSI (Relative Strength Index) The RSI has rocketed to just above the overbought threshold of 70, standing at 62.13, suggesting that the stock may be overextended in the short term. Investors should be cautious as this could precede a pullback or consolidation. MACD (Moving Average Convergence Divergence) The MACD line is above the signal line and is ascending, a bullish signal. The histogram also displays increasing bullish momentum. If the MACD continues to rise, it could further confirm the bullish trend. OBV (On-Balance Volume) The OBV is indicating an increase, which confirms the uptrend as it reflects the cumulative buying pressure. Candlestick Patterns The latest candle is a significant bullish engulfing pattern, encapsulating the body of the previous candle. This pattern typically suggests a strong shift from bearish to bullish sentiment. Speculative Price Targets Should the bullish fervor continue, a speculative target for WISA could be near the 0.618 Fibonacci retracement level at $24.71, especially if accompanied by a breakout above the Ichimoku cloud and a sustained volume influx. A secondary, more ambitious target could be set at the $30.60 area, aligning with the 0.786 retracement level. Potential Catalysts Traders should consider the approaching earnings report in 29 days as a potential catalyst for increased volatility and price discovery. Concluding Remarks In conclusion, WISA's recent price action, backed by robust volume and reinforced by bullish technical indicators, paints a promising picture for bulls. However, the proximity to overbought conditions necessitates caution. Traders and investors should monitor the levels indicated by Fibonacci retracement, Ichimoku cloud breakout, and RSI for potential profit-taking or entry points. The fundamentals and upcoming earnings report should also be considered to complement this technical analysis.
NASDAQ:WISA
by AxiomEx
$WISA Makes A Sound ArgumentAfter announcing its intention to acquire the software company Comhear, WiSA Technologies, Inc. (NASDAQ: WISA) quickly gained momentum – running over 100% on the news. Since then WISA stock has settled near $1.30. Considering its incredibly low float of 3.79 million shares, now could be an opportunity for patient investors to take a position ahead of its upcoming catalysts. WISA Fundamentals Although its a small company, WISA is a leader in audio tech solutions. While WISA produces its own products, premium audio brands like Bang and Olufsen, Harman, Klipsch, KEF use its technology as well because its WiSA HT standard enables products of different brands to work together. As is the company is preparing to release new products such as the Platin Audio’s Rio 5.1.4 Soundbar and other designs. WISA anticipates that it will report strong revenue growth in the second half of the year as it replenishes its customers’ inventories and produces its new products. Revenue Growth While WISA was negatively impacted by slowing consumer demand in Q1 2023, it believes that it will achieve full year revenue growth in 2023 thanks to strong demand in 2H 2023. This could be due to seasonal demand from a number of holidays later in the year. According to WISA its industry as a whole experienced lagging demand during this period as it is a seasonally slow period for consumer electronics. But the company remains confident that it is in a strong position to scale this year now that it has paid off the outstanding balance of its Senior Secured Convertible Note. Looking further down the road, WISA expects its 2024 revenue to be in the range of $10 to $15 million partly thanks to its plans to acquire Comhear Inc. in Q3 of this year. In 2022 the company suffered setbacks in its component revenue which contributed to a 49% revenue decrease YoY. As a result, its full year revenue in 2022 was $3.36 million. If the company successfully completes its acquisition of Comhear it could create a notable improvement in the company’s finances. . WISA is also expecting revenue growth in 2023 due to its new product releases. That, coupled with WISA and Comhear expecting to enter a more definitive agreement in June and completing the acquisition in the third quarter of the year, can make WISA’s revenue grow by more than double. Comhear Inc. LOI After signing a non-binding LOI to acquire Comhear Inc., a developer of AI-enabled adaptive audio technology, WISA stock spiked on the news. The stock not only benefited from the recent interest in AI stocks and AI technology, but investors likely found the synergies between both companies to be a bullish sign. As a software company specialized in using AI to optimize audio for each individual, Comhear has utilized its adaptive audio technology in kiosks, VR headsets, and home entertainment. Since WISA specializes in home entertainment systems and other applications, it appears that Comhear could add significant value to its business if the acquisition goes through. The acquisition is expected to close by Q3 2023 and become accretive in the next quarter. While shareholders may vote on approving the acquisition in July, at this time there is no guarantee that the transaction will be approved since both parties are conducting their due diligence. This acquisition would not only drive revenue growth – potentially increasing revenue by 197% to 346% compared to 2022 – but bring new assets to the company as well since Comhear’s business model is also driven by audio IP, licensing, and module sales. As is, there are many ways WISA can monetize Comhear’s intellectual property using its existing customer base. The acquisition also would not be a burden on WISA’s capital, as under the proposed acquisition, WISA would acquire all shares of Comhear common stock in exchange for newly issued shares of WISA common stock. Although, this will result in dilution for existing shareholders this deal will help WISA preserve capital. WISA Financials Setting aside its potential acquisition of Comhear, WISA expects full-year revenue growth in 2023 compared to 2022 despite recording a 16% drop in Q1 revenue growth YoY. However its important to note that this decline was mainly attributable to a $1.3 million increase in inventory reserves. In its Q1 2023 report, WISA reported $12.5 million in assets, including $5.2 million in cash and cash equivalents. This quarter marked a QoQ increase in its assets from $2.9 million in cash and cash equivalents and $11.4 million in total assets in Q4 2022. WISA’s total liabilities also declined YoY from $13.4 million to $4.8 million, and its current liabilities stand at $2.1 million. Revenue declined YoY from $566 thousand to $469 thousand, while gross profit decreased from $62 thousand to a deficit of $1.2 million due to a 124% increase in cost of revenue. Operating losses also increased YoY from $3.9 million to $5.8 million, while its net loss improved from $3.9 million to $0.92 million. Technical Analysis From April till now WISA stock has traded in a sideways channel between $.97 and $1.70 . Overall the trend is neutral. While WISA stock tested its resistance at $2.66 it failed to break through. Now, profit taking and declining volume has pushed WISA stock back into its channel WISA stock is trading below the 200, 50, and 21 MAs which is a bearish sign. Looking at the indicators, the RSI is neutral at 39 and the MACD is bearish but approaching a crossover. Fundamentally, WISA has some upcoming catalysts since investors can expect more news on its LOI to acquire Comhear soon. If approved, shareholders will have the opportunity to vote on the acquisition this July. While the acquisition will ultimately be dilutive, if the acquisition is finalized then WISA stock could reflect higher revenues in 2024. WISA Forecast Right now, the WISA stock forecast ultimately depends on the outcome of its Comhear acquisition. Since the company is projecting a substantial revenue increase as a result of the acquisition, WISA stock may be one to watch this year and next. Considering its low float of 3.79 million shares, taking a position ahead of potential catalysts could also pay off as this run up has illustrated. However, investors should be aware of the dilution risks this acquisition may present if approved.
NASDAQ:WISA
by Penny_Stocks_Today
Huge Reversal PotentialHi Guys, First of all happy new year to everybody.Today is the last day of 2022 and would like to share a great buy opportinity for 2023. The lines on graph,blue,green and black are 8,13,21 days exponential moving averages.This are fibonnacci numbers,sensitive to lately investor behaviors. After falling from 0.6x's , $WISA closed the day 4 times over the green line.This happened months ago.This is a clear evidince of trend reversal. I hope you use this opportunity to make some profit.
NASDAQ:WISALong
by whittier
1
$WISA Winning From The Small Cap FrenzyWith beaten down small cap stocks gaining momentum lately, WiSA Technologies, Inc. (NASDAQ: WISA) is emerging as a top candidate to become the next runner in the coming weeks. Focused on wireless audio technologies, WISA develops and sells spatial audio wireless technologies for smart devices and home entertainment systems to a number of leading electronics companies. While the company is considered to be a pioneer in its industry, WISA has been on a major downward trend over the past months in light of its poor financial performance. Recently, WISA stock dropped to new all-time lows after announcing a $7.6 million offering. Considering the growing interest in such small cap stocks, WISA stock could be poised to surge in the near term as it continues gaining momentum. WISA Fundamentals Specializing in the development of high quality audio technologies, WISA delivers its advanced technologies to the most renowned brands in the audio and consumer electronics markets. With this in mind, WISA has a unique IP of advanced technologies enabling it to offer high-bitrate, multichannel, and uncompressed wireless audio. In light of this, WISA is partnered with a number of global leaders in the audio and consumer electronics markets including LG, JBL, Enclave, and Savant. WiSA Association As the company’s technologies could be easily integrated within other companies’ products, WISA formed its own consortium – WiSA Association – which includes more than 70 leading consumer electronics companies, technology providers, retailers, and industry partners. Through this association, WISA is able to work with other members on developing, testing, and ensuring the compliance of its technologies. At the same time, the association allows WISA to open new online stores such as the company’s Amazon store. Considering the major potential of this association, WISA’s new technologies could set the company up for substantial financial growth in the future – making WISA stock one to watch at its current low PPS. Technologies On that note, WISA’s technologies include its proprietary WiSA HT proprietary wireless audio module which is aimed to penetrate the home theater market. Since this technology has been successful, WISA has been working on another technology – WiSA DS – that provides high audio quality that could run on low-cost 3rd party 2.4 gigahertz IoT chips. At the same time, WISA is looking to move this technology into a 5 gigahertz solution to add more features and reduce latency which would make this technology more attractive for licensing opportunities. Currently, WiSA DS is available for soundbars only, however, this technology is set to be integrated with smart TVs in 2023 which could have a major impact on WISA’s revenues in the coming years. Meanwhile, investors are anticipating the launch of WISA’s newest technology – WiSA E – which is targeted towards HDTV platforms and speaker manufacturers. With this in mind, WISA recently launched a licensing program for WiSA E to capitalize on the growing demand for improved audio experiences by consumers. Considering WISA’s other audio technologies, the company is now able to provide affordable and interoperable audio products which provides the company with a total addressable market (TAM) of more than a billion. In this way, WISA could be well-positioned for financial growth once all of its technologies are available to consumers. With the view of launching this technology in 2023, WISA is currently porting WiSA E to Amlogic’s low-cost HDTV platform while also working with other IoT chip manufacturers like Realtek and Espressif. Through WiSA E, smart TVs and speakers would be able to offer multi-channel high quality audio at a much lower cost than other available technologies. Currently, WiSA E is in the sampling process with select beta customers and the company has begun licensing negotiations with several parties in the US, Asia, and India. In light of this technology’s potential, WISA stock could be poised to soar upon the launch of WiSA E. Exploring New Opportunities Despite the company’s promising audio technologies, WISA has been suffering from declining revenues and widening losses over the past quarters. For that reason, WISA engaged AQ Technology Partners to help the company explore opportunities that could improve the company’s future prospects. With this in mind, the company is currently evaluating a number of opportunities involving its IP and licensable software to raise capital including sale of some or all of its assets, acquisition, merger, business combination, partnership, JV, or licensing. These efforts could prove to hold value to WISA’s shareholders as the company already executed 4 NDAs in consideration of a potential transaction. While the company intends to only release updates on that matter upon the completion of its evaluation, WISA stock could be an opportunity at its current PPS in anticipation of a transaction to materialize. Capital Raising Given the company’s financial woes, WISA recently closed a $7.6 million offering where the company issued 50.4 million units in addition to 3.6 million pre-funded units at $.14 per share. Each unit issued by the company contained a share, a series A warrant, and a series B warrant that could be executed at $.14 per share. As a result of this major dilution of shareholders’ value, WISA stock dropped 40% to new all-time lows. Despite this, WISA’s drop coincided with the growing interest in beaten down small cap stocks that was fueled by the parabolic run of Cosmos Holdings Inc. (NASDAQ: COSM). In light of this, WISA stock could be one to watch closely over the coming weeks in case it has a similar run. Potential Delisting However, investors should be wary that WISA is facing the risk of delisting from the NASDAQ for not meeting the minimum bid price requirement for listing on the NASDAQ. With this in mind, WISA has until December 20 to regain compliance with NASDAQ rules either by maintaining a closing price of more than $1 for 10 consecutive business days or by effecting a reverse split. For that reason, WISA stock could be poised to run in the lead up to the NASDAQ’s deadline considering investors’ increasing interest in the company. WISA Financials According to its Q3 report, WISA has $11.5 million in assets compared to $19.3 million at the beginning of the year. At the same time, the company’s liabilities more than doubled from $3 million to $6.2 million over the same period. Meanwhile, WISA witnessed a steep decline in revenues YOY as it reported $937 thousand compared to $1.8 million in Q3 2021. Moreover, operating costs increased from $3.4 million a year ago to $4.8 million. Based on this, WISA’s net loss widened to $4.6 million compared to $2 million in the same-year-ago-period. Technical Analysis WISA stock is currently trading at $.1202 and has a support at .1076 with resistances near .1292, .1651, and .2220. After dropping to a new all-time low upon announcing its latest offering, WISA has been gaining momentum in sympathy with other small cap stocks fueled by COSM stock’s parabolic run. With this in mind, WISA has substantial potential to climb in the near term as the company is looking to regain compliance with the NASDAQ listing rules by December 20. While the stock’s chances to run past $1 appear to be slim, WISA has a gap to fill near $.165 which gives the stock an upside potential of 37% in the near term. Considering the high trading volume the stock is witnessing lately, starting a position at the current PPS could prove to be a profitable investment. Accumulation is currently trending upwards due to investors’ confidence in WISA’s potential to run in the near term and the MACD is bullish. Meanwhile, the RSI is holding at 44 which leaves enough room for the stock to run if it continues to witness high trading volume. As for its share structure, WISA has an OS of 67.5 million and a float of 66.4 million. WISA Forecast Despite the company’s poor financial performance, WISA stock could be an opportunity in the short-term given the market sentiment following beaten down small cap stocks. With the company exploring opportunities for acquisition, merger, or a buyout, WISA stock could soar on any news regarding this endeavor. Meanwhile, the stock could be poised for a run upon the launch of its WiSA E technology. However, since the company is facing the risk of being delisted from the NASDAQ in the coming weeks, investors should consider this risk before entering a long position in WISA stock.
NASDAQ:WISA
by Penny_Stocks_Today
WISA | Semiconductor Play | LONGWiSA Technologies, Inc. develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems under the WiSA brand name in the United States, Taiwan, China, Japan, and Korea. It delivers immersive audio experiences for high-definition content, including movies, video, music, sports, gaming/esports, and others. The company was formerly known as Summit Wireless Technologies, Inc. and changed its name to WiSA Technologies Inc. in March 2022. WiSA Technologies, Inc. was incorporated in 2010 and is headquartered in Beaverton, Oregon.
NASDAQ:WISALong
by DivergenceSeeker
Wisa (Penny stock play)Penny stock play!!!! If we can see this stock hovering above $4 . We can aim for a target profit of $4.85. Please do take note that penny stock play has a risk , do play with your comfortable position. However , if the price drop below $3.7 i will discard this penny play.. Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :) 1) Please click on my profile to follow me , if you think my ideas do help you or provide you with another insight Quotes "The key to trading success is emotional discipline"
NASDAQ:WISALong
by MemoriesLane
$WISA entry PT 4-4.28 PT 8 and higher$WISA entry PT 4-4.28 PT 8 and higher MIRRORING PATTERNS WiSA’s Wave Campaign Continues to Build WiSA Certified Category with New Store on Amazon Featuring WiSA Products and Retailer Bundles Available Across Amazon’s Vast Platform Summit Wireless Technologies, Inc., a technology company, develops, manufactures, and sells modules and integrated circuits for home entertainment and wireless audio market in the United States, Europe, and the Asia Pacific. It offers TX modules for integration into televisions, audio-visual receivers, media hubs, and USB or HDMI dongles; and speaker systems. The company sells its products directly to original equipment manufacturers. The company was formerly known as Summit Semiconductor, Inc. and changed its name to Summit Wireless Technologies, Inc. in September 2018. Summit Semiconductor, Inc. was incorporated in 2010 and is headquartered in San Jose, California.
NASDAQ:WISALong
by BADQOMOCAWGOWLD
1
$WISA is gonna fall todayPupm&Dump trading strategy idea. $WISA is rising too much today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $5,33; stop-loss — $5,89; take-profit — $4,22. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:WISAShort
by KozakHlib
10
$WISA can rise in the next daysContextual immersion trading strategy idea. Summit Wireless Technologies, Inc., a technology company, develops, manufactures, and sells modules and integrated circuits for home entertainment and wireless audio market The demand for shares of the company still looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from $2.88; stop-loss — $2.43. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:WISALong
by KozakHlib
1