WRAP trade ideas
Interesting Play: WRAPThe stock popped up on my radar a few days ago, and I love what I see. The divergences sync up with the pattern in the most textbook fashion. We see both bullish and hidden bullish divergence across all time frames. Will be interested to see what fundamentals back up any ensuing move to the upside, but its worth noting that this last move was pushed likely by the 50% beat on Q3 earnings released last November. It looks like they are behind on the current release, so will see what it holds.
WRAP Wrap Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WRAP Wrap Technologies prior to the earnings report this week,
I would consider purchasing the 2usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $0.32.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Wrap LongThis company has been beat up but offers a product that replaces tasers, that is less invasive. This product could lead to less liabilities for all involved. As I look at the stock, I see that everyone has left it for dead and it is time to pick up some shares in this company. It is consolidating at some of its lowest levels which is what I call a stage one consolidation. The RSI is in the oversold area and climbing slowly back out. The VWAP levels are at the $5 levels for resistance. The MACD is looking like the sellers are cooling off and buyers may begin to take back over. The company just had a CEO turn over so lets see where it goes. I believe this will be one to double your investment but, do your own research. Not financial advice, my opinion only.
WRAP Holding at $3.92RSI is showing oversold, MACD is showing that we have less sellers and there is a stage one consolidation period setting up. WRAP has many great news stories coming out and it appears to be setting up for a nice long to the $5 area as the first resistance line.
Elliot Wave on WRAPLooks like a perfect Elliot wave forming on WRAP. Going long using the bottom line as a stop loss. Expecting a solid bounce back off the bottom and then finding new all time highs.
1/22 $5c
$WRAP Daily Cup & Handle Forming - Breakout in Reach $WRAP daily has long term cup & Handle forming. If closes above $9.11, expect to run to $11.50. Timing is next 60-90 days.
WRAP, Took a starter Hello Traders,
This looks like a potential push into a stage 2 uptrend . I took this long based on validation of volume/price action and the move above range resistance.
It is quite early to be getting long tbh. For one , The 200 ma is still not angled up and the 50 ma is still below the 200 MA. But, it does look like WRAP is setting up for a potential golden cross soon and the price action is supportive .
If you are interested in longing but have not yet entered I would suggest considering waiting for either a successful retest of a significant support or for a base to form from which you can wait for a break up to buy. I don't think this current price is a good entry from a risk viewpoint though ( my entry was on the 26th ) . It is of course always possible for the move to fail and we fall back in to that range too, good so far though .
WRAP , Watch this ...May have caught this early and I like the story .
Check out the sales per quarter , exponential growth rate quarter over quarter ( from 0.1 million in June 2019 to 1.4 million in Dec2020) . That's very huge growth! . Eps however , has been at a loss which has increased from -0.07 to -0.10 cents in the same period .
The found ownership has gone up in that period from 68 to 74 funds , and that accounts for 28% of ownership and management owns 55% at this time . We are below the 200 dma but looks like we are pushing up and earnings is tomorrow amc. I will be interested to see what reaction occurs with earnings . If there is a gap or run up above 200dma I may take a starter , which could be added to on a successful retest of 200 dma and or break up into pivot of subsequent base formed . Note, We have the increase in sales but eps needs to start reflecting too for this to get good. And based on the build of volume I see , I think that some players may be expecting some good earnings in terms of sales but ALSO eps this time around . The technical reaction will give us a good hint of how to play....
Could be a good uptrend about to begin though .
WRAP - 9% upsideHi,
This is simple play - moving average crossed over for a buy signal and trading in a channel. Targeting an exit at the top of the channel $6.40. This stock should profit from the extra scrutiny on police units.
3 for 4
Since I started posting again I have had a successful January:
three winners: NKLA, WMT, called GME (but did not trade it out of respect for WSB) and still hanging on to NFLX.
Keep it in your portfolio for 2021Potential gain:400%
Reward/Risk:+13
Timeframe: 12m
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
Don't forget to like, comment, and Follow to encourage me to continue this.
I would appreciate if you share my analysis on your own social media.
You can send TradingView coins to support me publishing high quality ideas..!
Stay tuned great live stream and quality content videos coming soon..!
Buy $WRAPI think $WRAP is going to $10+ before November, for the reasons shown above^^
Which would mean 80%+ returns; Christmas came early
- Happy trading, stay safe
WRAP technologiesmakers of a non lethal apprehension device made for law enforcement. Think there might be demand in 2021... great R/R
WRAP possible target to $10This is my first post. Did some basic financial checks on this company.
WRAP will be receiving several international reorders totaling over 600 BolaWrap devices, plus cartridges and accessories. The Company expects to fulfill these orders by the end of the month. Looking forward to the price jump.
