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GUN

GUN Up 40% – Bullish Momentum Ahead? (2H)We have a bullish structure on the chart, and an interchange zone in the upper areas has been cleared, but the price hasn't formed a new low. A trigger line and a flip zone have been broken. We expect a move toward the targets from the demand box. The closure of a 4-hour candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
BINANCE:GUNUSDT
by behdark
GUN New Update |Bearish (4H)This analysis is an update of the analysis you see in the "Related publications" section We are still within the green zone from the previous analysis; however, due to the formation of supply bases and the current candlestick structure, the previous scenario is now invalid. Based on the latest data, it appears we are in an ABC correction where wave B has formed a triangle. This presents an opportunity to enter a Sell/Short position. A daily candle closing above the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
BINANCE:GUNUSDT
by behdark
1
Election Play - Buy Smith & WessonWith the election coming up, it is hard to imagine any other scenario besides a blowout. Regardless of your own political beliefs, Democrats are outnumbering Republicans in early voting which is objectively a huge advantage. Democrats seem to be motivated on removing Trump, and it is showing with the surge in voter registrations and early votes cast. With that being said, Smith & Wesson's financials are solid and are benefiting from the pandemic's increase in gun sales. Not only that, based on The Economist's Election Model , Democrats are favorites in winning a majority in the Senate and the presidency. This will cause gun sales to go up even more. The stock is already about fair value, and it is hard to imagine not going up from here. Long.
NASDAQ:SWBILong
by JohnTocci
SMITH&WESSON ($SWBI) 🚨 | This Portnoy Pump is Locked and Loaded🔪 If you are a bear, the last thing you want is to be staring down the barrel of this Smith & Wesson chart especially after Warren Buffet's successor David Portnoy set his sites on it. SWBI has been on an absolute beast of a run since the bottom as demand for firearms increased during COVID. We have some clear support levels going into what should be a solid earnings report on June 18th. SWBI is locked, loaded, and ready for gains, we just need to pull the trigger as we target the next resistance. Support: We have tested this level already, we may see another test, or we may simply move up from here, both work well for the bulls. If S1 can't hold, the bulls will need to see the S2 orderblock and S/R flip hold. Although this level could work, it also opens the bulls up to a potential move to the downside as illustrated on the chart. Earnings is only two days away, losing momentum going into earnings may still result in a nice move for the bulls, but what bulls really want to see is the rally into earnings (as that gives them more flexibility to say close part of their position before earnings come out). Given this, S1 and S2 are the only logical targets for the timeframe. Resistance: In a perfect world, the bulls see a move off of S1 right into the R1 prior S/R flip before earnings. This simple and quick play offers about 14% profit. If the bulls can make it past R1, perhaps on earnings strength, then the R2 orderblock is the next point of contention and is a logical place to look at closing positions after earnings. Summary: Nothing wrong with being long term bullish on SWBI, but for those who are just playing the Portnoy pump your ideal play here is a quick trade, in-and-out before earnings. For those a little more bullish, earnings is likely to be impressive and we could see R1 or R2 hit after depending on what happens leading up to the 18th. What you don't want to do is try to be a hero and go bull below S2, riding the momentum makes sense, but being late to the party could mean ending up being bear food. Resources: www.earningswhispers.com + www.theguardian.com + www.fa-mag.com Hit that 👍 button to show support for the content and help us grow 🐣
NASDAQ:SWBI
by AlphaBotSystem
9