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AXON ENTERPRISE INCAA

AXON ENTERPRISE INC

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AXON trade ideas

AXON Head and Shoulders PatternHi all, I came across AXON, and had to show it to you. Anyway, the stock has developed a head and shoulders pattern at its peak. The next coming days are going to be very important because it will show if it will break through support. Now keep in mind, the stock does not always have to follow a pattern and that is why I included more technical information to help me pick a side. Firstly, it broke through the neckline and is now sitting at a second support level. When a stock breaks the neckline it is usually a bad sign, however because this stock had another support level right beneath it, it has a resting place. However, when the stock hit that second support, it tried to retest the neckline by climbing up to it, but was not able to get above it. This is not a good sign because stocks always have a retest after a breakup or breakdown. AXON failed to recover from the brake and therefore is another reason why the stock is going to breakdown. Lastly, I looked at the RSI. The Relative strength index has been gradually decreasing. This shows that buying momentum is decreasing, and also proves how the stock is weak. It could also be considered a RSI bearish divergence because the stock has been flat at a support level, while the RSI is falling. I placed a limit short order of about 20 shares, and put the limit below 138. I also bought some puts that are 'at the money'. I am excited to see how it plays out, and make sure to set a notification for the break below the 138 level. Good luck traders, please like and follow.
NShort
by UnknownUnicorn18674460
1
2021 Actual Trade: AXON +29% ProfitsAXON made a strong move in January 2021 in responding to 2020 various riots like BLM, Antifa and elections. Technically, the entry point of 01/12 132 was an ideal entry point because AXON never touched this level again. It means holding this position in the portfolio was never in the red color. However, the exit point is not desirable even with +29% profits. A sharp rally on 02/11 reached 210 which is equivalent to near +60% profits. Sharp pullback almost wiped out all last gains so we have to settle +29% gains. Taking profits for half positions at top will lock-in big profits at top.
N
by marketfellow
AXON - Fallen angel formation long from $5.63 to $6.28 & Higher AXON seems breaking up forming a nice base. Twiggs money flow accumulating. We think it has good upside potential if it can break resistance at $5.63 * Trade Criteria * Date First Found- December 13, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Break of $5.63 Exit Target Criteria- 1st Target $6.28, 2nd Target $7.67 Stop Loss Criteria- $4.67 Indicator Notes- Good money flow accumulation Special Note- Very strong Financial Ratios Please check back for Trade updates. (Note: Trade update is little delayed here.)
NLong
by AcornWealthCorp
AXON - Fallen angel formation long from $5.57 to $6.28 & $7.67AXON seems forming a nice fallen angel formation. Twiggs money flow is accumulating. We think it has good upside potential from here. * Trade Criteria * Date First Found- November 21, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Break of $5.57 Exit Target Criteria- 1st Target $6.07, 2nd Target $6.28 & 3rd Target $7.67 Stop Loss Criteria- $4.93 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NLong
by AcornWealthCorp