Home > heikin-ashi > Do weapon stocks have gunpowder left? #markets #stocks #trendfollowing

Do weapon stocks have gunpowder left? #markets #stocks #trendfollowing

July 27, 2014

 

Smith & Wesson ($SWHC) daily

  • Bearish: Very far from the Ichimoku cloud.
  • Weakness: The haOscillator turns down.
  • Weakness: The closing price is still below the buy-stop level (red dotted line).

 

Smith & Wesson ($SWHC) heikin-ashi and Ichimoku daily chart

Smith & Wesson ($SWHC) weekly

 

  • Bullish: Superb uptrend – higher highs, higher lows.
  • Positive: An inside Heikin-Ashi candle (blue arrow).
  • Positive: haOscillator turns higher.
  • Weakness: Chikou-span is below the price.

 

 

Smith & Wesson ($SWHC) monthly

  • Bullish: Above the Ichimoku cloud.
  • Bullish: Far from the trailing-stop (blue dotted line).

 

 

 

Sturm Ruger & Co. ($RGR) daily

  • Bearish: Far below the Ichimoku cloud. No real chance to go above it in the next 26 days.
  • Bearish: Far below the buy-stop level defined by the red dotted line.
  • Bearish: Huge resistance (the thickness of the Ichimoku cloud) for the next 26 weeks.
  • Positive: Building a bottom.
  • Positive: Positive divergence price :: haOscillator (see the blue dashed line).

 

Sturm Ruger & Co. ($RGR) weekly

  • Bearish: Below the Ichimoku cloud.
  • Bearish: Far below the buy-stop level defined by the red dotted line.
  • Positive: Positive divergence price :: haOscillator (see the blue dashed lines).

 

 

Sturm Ruger & Co. ($RGR) monthly

  • Bullish: Confortable uptrend with higher highs, higher lows.
  • Caution: $RGR is sitting on Kijun-sen (solid support) that coincides with past resistance in 2012 and 2013.
  • Caution: Watch out for a possible breakdown here.

 

 

 

 

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