Setup: WKEY**High Risk/High Reward Play**
WKEY : I have a swing trade setup signal. I'm looking to enter long if the stock can manage to CLOSE above the last candle high(BUY). If triggered, I will then place a stop-loss below (SL) and a price target above it(TP), then using the close below the 10SMA as my trailing stop loss. **Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level(SL).
WIHN trade ideas
$WKEY WISeKey International Holding Ltd ADR Target PTs 32 --> 76NASDAQ:WKEY WISeKey International Holding Ltd ADR
Target PTs 32 --> 76 and higher
WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company operates in two segments, IoT and Managed Public Key Infrastructure (mPKI). It offers microcontrollers that provides identity to various connected devices; and mPKI, which include digital identity, certificate management and signing solutions, and trust services, as well as offers digital certificates; software as a service, including cloud-based certificate life-cycle-management and signing and authentication solutions; software licenses; post-contract customer support for cybersecurity applications; and infrastructure hosting and monitoring services. The company also develops, markets, hosts, and supports a range of solutions that enable secure digital identification of people, content, and objects by generating digital identities through its products and services in cybersecurity services, IoT, digital brand management, and mobile security, which enable clients to monetize their existing user bases, as well as expand its eco-system. In addition, it engages in financing, sales, and distribution activities; and sells semiconductors secure chips. The company was founded in 1999 and is headquartered in Zug, Switzerland.
WKEYWisekey International Holding AG (NASDAQ:WKEY) another NFT play that was added to my watchlist again as a possible bottom bounce-play. The chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. Squeeze over 6.50
WKEYWisekey International Holding AG (NASDAQ:WKEY) is a NFT play to keep an eye on. I am still watching WKEY shares due to the recent price action, volume, news and momentum. Overall, the stock is showing some positive technical signs of reversing its long-term downtrend. If it breaks 9.37 next week, the first target on a swing would be the $12 area.
WKEYWisekey International Holding AG (NASDAQ:WKEY) I remain firmly behind this NFT stock. This stock is currently trading around $8 and I have little doubt it rallies to well beyond $20 at some point. Those accumulating at these levels, in my honest view, will be sitting on some sizable profits down the road. Patience is key.
$WKEY Very low float. Closing over $8.65 sends this flying!$WKEY Very low float. Closing over $8.65 sends this flying! "AI could allow semiconductor companies to capture 40 to 50 percent of total value from the technology stack, representing the best opportunity they've had in decades."
finance.yahoo.com
WKEY - So hot right now.LONG TERM
I'm long on WKEY , and because they went public just before the covid crash it's hard to identify long-term trends, but after this past month I think we're in a bullish channel from April 2020 to now. January spiked from 6 to 12, and then it recovered higher/ March saw a wild 3-week spike from 8.25 to over 20. This both broke through major highs and tested pre-crash highs. This spike (look at the volume!) just recovered to a support price level higher than the January resistance. Of course this could go parabolic because everything can right now, but I think this is the start of a head and shoulders pattern. If so, the retrace levels are $12-$16, depending on how you retrace. 50-100% returns. TLDR long term trend is bullish and we're in the low end, that could spike from 8 to 16 in the next three weeks.
MEDIUM TERM
Elliot wave is looking good. Just coming to the end of a full cycle from March 8th to May 11th. Only problem is that it's a low volume stock, so it's wildly impulsive when it moves up.
SHORT TERM
Ok, so short term, price can do anything. Low volume stock means craziness can happen. But if efferything is trying to be efficient, there are 2 major options; it can rebound and reverse, breaking the long term trend, or it can stay in the channel and continue. Those two options are shown here.
Notice the buying pressure volume spikes. Bullish swingers are watching this stock. If you get a chance watch the level 2 for a little bit. It's slow but most of the sellers are retail - lots of 187 or 500, while the buy side is full of 20,000 lot walls. Maybe they're short seller targets, but there are a few people with more money and patience than me who are buying big lots at 8.24. The red box is where the price would end up on a correction, and the thing I really like about incorporating gann into my fib retraces is that it gives you an approximate timeline. We're past the correction time, so either I'm wildly wrong and chart analysis is BS, or we get to strap in and ride some smart money coattails and reddit hype to 50%+ returns within the next month. The green box is that continuation, and it assumes that the next bounce up will be to between 9.25-9.96 within a day or two.
TLDR - Here's what I'm doing
Buy WKEY
Stop Loss $7
Target (this week) 9.25-9.96
Target (this month) spike to $12-$16
$WKEY earnings playWISeKey International Holding AG, a cybersecurity company, provides integrated security solutions for the Internet of Things (IoT) and digital identity ecosystems in Switzerland, rest of Europe, North America, the Asia Pacific, and Latin America. The company operates through two segments, IoT and mPKI. It offers microcontrollers and microchips that provides identity to various connected devices; and managed public key infrastructure, which include digital identity, certificate management and signing solutions, and trust services, as well as offers digital certificates, software as a service (SaaS), software license, and post-contract customer support for cybersecurity applications.
WKEY: Bullish Pennant (70%)Bullish Pennant (70%)
Pros:
Volume during post formation
Descending volume during triangle formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0 and ascending
ATR Ascending
R/R ratio above 5
Cons:
No data for 250RSI
200MA flat
Target:
PT = 18.47$
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$WKEY Quiet breakout about to turn violent.It taking much longer time for this move to develop but MM's are losing control over the downtrend. They been trying to drive this stock down on nonexistent volume and tried many tricks, weak hands are out. Those who are still in are somewhat different types of investors and it is not an emotionally unstable crowd. Technically we are ready for spike and move up to a higher level.