Educated Gambling!! LOL. Call Options that go $POWW or OW!! Were in a Double Bottom and a Bearish Pennant on the daily so who knows, and the chart doesn't look great either. This one is at the top of my degenerate list, pure speculation. My idea is either a big bang or a misfire. I've been buying NASDAQ:POWW $2.50 calls expiring 1/17/25. Started off buying at $15 then $10 and now $5 per call. And sometimes no one is even selling these options when they list for .01 (actually cost $5 min) My thought is NASDAQ:POWW could either run in the next 3 weeks or all the way up to Inauguration Day on January 20, 2025, hope to at least fill the gap at 2.46 and then get back to June 3rd high of $2.86. Most of us can figure out why it could possibly go parabolic so close to the Election. I hope for God's sake and love of country I'm actually wrong about this and pray for peace. But at the same time, as some of the corrupt powers to be say "never let a crisis go to waste"... Safe Trading Everyone!!
POWW
Ammo Inc Potential Triple BottomAmmo Inc is testing the 200sma after recently forming a potential triple bottom pattern. A move above the 200sma would likely lead to a test of the upper resistance line near $2.60. Should price beat the upper resistance line with a close and open above that $2.60 level, our projected upper target is near $3.60 based on the $1 measured move from the valley of the triple bottom to the highest peak(resistance line).
The lower PPO indicator show the green RSI line currently below the purple signal line which indicates short-term bearish momentum. Both lines are currently above the 0 level which indicates intermediate to long-term bullish momentum. What we want to see going forward is the green PPO line to cross back above the purple signal line to indicate a return to short-term bullish momentum.
The lower TDI indicator shows the green RSI line above it's purple signal line which indicates a short-term bullish price trend. The RSI line is also attempting to cross back above the 60 level and into the upper half of the Bollinger Bands which would indicate an increasing bullish short-term trend. Going forward we want to see the green RSI line continue to trend between the 40-60 levels which would indicate an intermediate to long-term bullish trend.
My buy price is $2.21.
My stop-loss(SL) is at $2.00.
Max loss on this trade is roughly -10%.
Potential gain is +62%.
POWWThe ammunition industry has been far behind in production capacity to meet the enormous increase in demand. As long as crime continues to be a problem in America, there will be an outsized level of demand. POWW Just opened a state of the art ammo plant in Q2, revenues have grown from $0 in 2016 (startup) to $62.482 million in 2021; with company and analyst estimates putting 2023 @ $300-$320 million.
Ammo Inc published revenue growth of 285% for 2022 on June 30, 2022 and price is up 8.44% as of today (July 1).
NASDAQ:POWW
Earnings - www.nasdaq.com
Insider Activity - all buys, no sells - www.nasdaq.com
Potential short-squeeze on the ESG nuts - www.nasdaq.com
I am long on POWW as of today, and POWWP. POWW Preferred (POWWP is currently yielding 8.62%)
Another Pump detection before anyone talks about it..!Please check my analysis published on June 9th:
Potential to be the next Pump buy Apes..!
Entry:7-7.30
Stop loss: 6.50
Reward/Risk:3.5
Target range: 10
Time Frame: 2-4wks
Possible gain:35-40%
Possible loss: 10%
Apes think they are in control..!
But the master illusionist fooled them..!
An illusion is a distortion of the senses, which can reveal how the human brain normally organizes and interprets sensory stimulation. Although illusions distort our perception of reality, they are generally shared by most people. ... The emphasis on visual illusions occurs because vision often dominates the other senses.