WISA trade ideas
Summit wireless buy opportunityBuy at market and buy limit at 2,61 with stop loss of 1,7 with targets as resistance to scale out. Exit 50% at 35.
100% gain opportunity in less than 100 days!Potential gain:100%
Reward/Risk:5
Timeframe: 4-12 wks
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This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
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congrats to longs in advance, big moves coming.this is breaking big resistance l im long from under 4 with a pt of 8-9 by april this year stop loss in the low 3s, great risk reward even if you enter up here at 4!
Long term penny stock playRSI looking strong around 50.
MACD Bullish
Low float
Last support near 1.50 - Perfect for a stoploss just in case.
Resistance at 2.30.
WISAuncommon pattern on this stocke where we can observe downtrend from beggining and now months of same price - next estimated earnings better than previous
put it under your RaderThe story is interesting here. They did reverse split & offering. the stock is super low float trading near 52week low. According to the playbook, we might see a crazy spike sometime in the near future. volume is picking up a bit, so keep an eye on it.
Please note: just sharing my view. its not a recommendation for buying or selling.
WISA - Quarter Update In 16 Days - HIGH RISK HIGH REWARDA leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems, announced management will hold a call to provide a business update including its second-quarter results and growth prospects
Summit Wireless Technologies Inc., formerly Summit Semiconductor, Inc. is an early-stage company that develops and sells wireless audio integrated circuits for home entertainment and professional audio markets. The Company develops and provides semiconductors and wireless audio modules to consumer electronics companies, which transmits and receives audio directly to speakers. Its technologies focus on providing wireless, interference free and uncompressed high-definition audio signals. Its subsidiaries include Summit Semiconductor, Inc., Summit Semiconductor K.K., and WiSA, LLC.
Average Recommendation: BUY
Average Target Price: 4.00
P/E Current
-0.11
P/E Ratio (with extraordinary items)
-0.29
SHORT INTEREST
72.01K 07/15/19
This is a very risky trade, we recommend waiting on this one, maybe set alerts for close to the time of announcements. Clear direction in chart movement is required with tight-stops.
