AXON trade ideas
Axon (NASDAQ: $AXON) Must Be On Your Radar In The New Year! 🚨Axon Enterprise, Inc. develops, manufactures, and sells conducted energy weapons (CEWs) under the TASER brand in the United States and internationally. It operates through two segments, TASER and Software and Sensors. The company offers TASER X26P, TASER X2, TASER 7, and TASER Pulse CEWs; and related cartridges. It also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence digital evidence management software; Axon Records, a cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries. In addition, the company offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence. It sells its products through its direct sales force, distribution partners, online store, and third-party resellers. Axon Enterprise, Inc. has a strategic partnership with DroneSense, Inc. to provide public safety agencies with drone software solution, including piloting, administration, evidence management, and live streaming. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona.
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.)
$AXON Large 9 Months VCP Setup$AXON love the big 9 month base (zoom out on your chart to see it).
Starting to form a nice right said of its base.
would've liked 4 the vol pattern to be a bit stronger but with large bases, its not unnatural.
couple tighting (orange bars) will make for a low risk entry
AXON broke support, pain ahead?After a pretty bearish H&S signal being formed the last few months, and a slight bounce around support and resistance bands, all AXON needed was a little kick and it's fallen through support. Entering a short position on this after it breaks 138 for sure (could rally briefly) and ride it down to 120ish before buying back. Not much to stop a drop down from 138 to 120ish.
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.
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.
Holding the trend lineHi guys,
This is a trade that is pretty risky. The upside is great, but the downside is steep. I would trade about 1/3 of your normal position size on this trade. The stop loss is at a steep 20%. The upside is at a glamorous 90%. Take profits on the way up, and as always, happy trading!
- Matt
3 Day AnalysisThe first day parabolic short after the first hour trade looks to be a pretty reliable scalp, provided entries make sense.
When you have an obvious fade that doesn't fade into the afternoon on a day 1 move, very high odds of secondary push on day 2. Look for that kind of "failed breakdown" on these in play stocks.
From a TA perspective it doesn't get much clearer than thisThis isn't a "prediction" of where the price will go as much as it is a review of how clear the TA lines have been established. I've often found that big volume stocks in the small cap space often "follow the rules" of TA. And this is no exception. Hope this helps you get a better look at what is happening with this momentum stock! Feel free to add your thoughts/analysis.
AXON.. Gene Therapy Deal Sends Shares RocketingBullish news of a deal for over $800mil dollars sent AXON shares soaring in a mourning gap up. News of the deal took AXON out of a recent slump and looks to be funding the development of the companies drug OXB-102. I see large volume and a trend reversal with large gaps to fill. Do we have a multi-day runner? Watch those gaps it can close fast with no previous resistance.
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.)
