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

 

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).

 

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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.

 

 

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Smith & Wesson ($SWHC) monthly

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

 

 

 

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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).

 

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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).

 

 

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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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Gun Stocks and Heikin-Ashi Trends $RGR $SWHC #markets #trading

Sturm Roger & Co (RGR) – monthly

• tired  (red circle)
• don’t ignore the power of a heikin-ashi signal (crossings at or near zero or 50) (blue arrow)

 

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Smith and Wesson’s (SWHC) – monthly

• next target: 50% of the segment top 2007 – low 2008
• don’t ignore the power of a heikin-ashi signal (crossings at or near zero or 50) (blue arrow)

 

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