WATT trade ideas
$WATT Energous Corp Surges Missed the spike and will not be willing to get engaged until above resistance zone,
History of pumps but big dumps
$WATT pumping but not for the first time
Be very careful entering into this stock with a very strong history of pump and dump.
Very similar press releases in teh past have cost investors big $$$$
$WATT Energous On the watchlist Energous Corp. engages in the development of technology that enables wireless charging for electronic devices. It focuses on the product, WattUp, a wire-free charging technology that will transform the way consumers and industries charge and power electronic devices at home, in the office and car. The company was founded by Michael Aaron Leabman on October 30, 2012 and is headquartered in San Jose, CA.
Short interest 20%
WATT has the first real product on Amazon. LONG www.tradingview.com
Monthly: Double bottom
Monthly: in October there is a high chance to get a signal from BS indicator
Weekly: RSI divergences
Daily: RSI divergences
Daily: seeler's capitulation
Gaps: open at ~$5 and ~$7
$WATT Getting close to abandon ship time in Energous. There are no riches at the end of this chart, just endless misfortune for investors besotted with the speculation of a possible deal with APPLE to integrate WATT wireless charging into all new phones. In February 2019 WATT did announce a deal with Chinese smartphone maker VIVO and the stock plunged on the news. Unless there is some signs of earnings or a deal that actually provides some income, investors patience will run out and then bye, bye NASDAQ.
WATT don’t let me downMMHVW - I like this company- it has a strong future - but fm how long will it take?
"The fourth quarter financial performance was under our expectations due to the delay in engineering services revenue and chip orders from two top tier consumer electronic companies, as a result of changes to their own internal schedules," CEO Stephen Rizzone said in a statement. "While such a scenario is not uncommon when introducing a completely new, game changing technology to some of the largest consumer electronic companies in the world, we continue to drive toward commercialization of WattUp."
Now what
Energous also noted that its first customer product received FCC certification in December, and just yesterday obtained its first customer EU approval. This week, Energous also announced a partnership with vivo Global to explore integrating its WattUp technology into smartphone designs to enable wireless charging.
The company also said it priced a $25 million direct offering, issuing 3.33 million shares at a price of $7.50 to certain institutional investors. Each share being sold to investors will come with a warrant to purchase another half share at an exercise price of $10 per share. The net proceeds to Energous from the offering are expected to be roughly $23.3 million.
Purchasing WATT for long termOnce over the 26 EMA Weekly, holding long term. Might reject and take a bit of time and it will be worth it. 25% of desired amount in now and will grab more after a decisive breach.
Energous wireless power using nanocrystalsWATT has Intellectual Property for high growth, sales and issue is cash flow and time to profitability, as well competitive players which a couple exist.
Watch for weekly candles, MACD cross (blue over orange), and CCI crossing 0. Volume would also be a good signal on this one for cash flow.
WATT Stock Review!Are you going long or short?
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Another Day Trade On WATTTechnical Analysis signals are going off in lots of categories, as you can see in the video this was another great DayTrade!
Classical Day Trade Breakout This was a good trade and i could of continued to stay in it but since I killed on NFEC no need to risk any more!
ends 2018 with a year-long trend reversal.$13+ by 2019 imo, bottoming out (...wearing my Stockstradamus hat & cape).
WiFi Charging is the Future (WATT) Energous - 2018 PT: $12 (+23%) - 2019 PT: $20 (+105%)
Accomplishments
+ Acquire the necessary certifications to sell their products across the world.
Future Events / Technicals
+ SK Information & Communication Technologies (ICT) Summit, Wednesday, October 31st
+ Earnings is expected for November 14th
+ Bullish Engulfing Oct. 7th & 8th, with a tape of 776K vs the 30day average of 497K
+ RSI is back above 40
Watt UP? Longterm projection 4HI am little slow putting this out. Original signal to enter was around 4/1 at the .764 fib retracement level of the crazy spike. Now that it has soundly bounced I am projected a short term target of 25 and long term target between $40 and $50.
Cheers!
WATT - Upward channel breakdown short from $13.83 to $10.83WATT is in our watch list since it has broken its Channel formation. It has good insider selling. We think it will continue its decline. To trade this we would consider August $12.50 puts
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Upward channel breakdown short
Entry Criteria- $13.83
Exit Criteria- $10.83
Stop Loss Criteria- $16.37
Indicator Notes- Would consider August $12.50 puts.
Special Note- Good insider selling. Would consider August $12.50 puts.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
WATT keeps holding strong at $15.15 support levelFor the last 10 days, the stock has been holding strong at 15.15. It may signal that there is a huge support by investors or hedge fund managers ahead of the product development of their wireless charging product(s).
