$7+ price target according to our indicatorsOur signals have alerted us that we have a $7+ price target. Let's see what happens here. Earnings is today so let's hope for some positive updates.
Energous
$WATT Shares Skyrocket on Apple Battery RumorsEnergous Shares Skyrocket on Apple Battery Rumors
Energous jumps on news that Apple is working on a wireless charging attachment for the newest iPhones.
The battery pack would attach to the back of an iPhone 12 using the MagSafe system, which all the new iPhones use for charging and pairing other accessories such as cases and wallets.
Energous develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices.
Energous had said in a regulatory filing that its WattUp product will undergo compliance testing with Apple, according to CNA Finance, but there was no reference to a partnership.
www.thestreet.com
Purchasing WATT for long termOnce over the 26 EMA Weekly, holding long term. Might reject and take a bit of time and it will be worth it. 25% of desired amount in now and will grab more after a decisive breach.
WATT tests 16.14 resis. as support, having blown thru 16 on newsWATT is sitting right above 16.14 resis. level now, having blown thru 16 & 17 levels from 15.5s (gapping up) on news of DLG $15 million additional investment. It tested high 15s today (but still hasn't filled the gap to 15.5) and looks like it's trying to establish 16.14 resistance level as support now. Based on previous action and a heavy short position, I'd guess we'll def test the 15s again before establishing 16 as support, but long awaited news expected any day now (til Aug. 8 ER or Nov 2017 at the latest - unless AAPL further delays release of their new iphone/products beyond that) could send this stock back to 20+ (or down to 12) fast so TA can only help so much. In the meantime, a close below 16 resistance suggests we'll test at least 15.5 (maybe even uptrend line intersection at 15.30s) before moving up. A close above 16.14 suggests (barring any unfavorable news/market panic) 16 will hold as new support. Sell puts to reduce cost/risk. Beginner TA, thoughts welcome:)
WATT blows thru 16 & 17 resistance on $15 million investment! WATT blew thru 16 & 17 level resistance and now sits on top of 17 level this morning due to an announcement that Dialog Semiconductor has invested an additional $15 million in Energous/WATT (on top of prior $10 million investment) - another nail in the short thesis coffin (who argued they would screw shareholders and dilute by mid May of this year...). CEO Steve Rizzone had responded to a question about dilution in his last CC & promised they would do what was best for shareholders & employees, hinting he had partners to turn to before diluting shares. Thanks again to Rizzone for keeping that word. The question remains, Is WATT's Wattup wireless charging technology going to be in Apple's new product line this Fall? Signs increasingly point to yes, but I'm holding strong regardless. Still, there's a big short position here so I recommend selling puts to enter (or simply to pocket free cash) since they will likely try to bring the price back down by any means before FCC approval is announced & the Great Squeeze begins lol.
As for the TA, off of which resistance will we get that bounce back and what will be the new support level after this $15 million investment news? I'm guessing we'll hold over 17 during the day and maybe close just below that or basically within the upper longer trend line (which we've tested today)...beginner TA charting, thoughts welcome!
Speculative WATT entry before CES 2017We are watching for a good entry point on Energous with the expectation that price will jump to the green range by JAN 5, when WATT will demo wireless power rx/tx in consumer products. Successful product shipment is already being priced in as the chart follows the green range into DEC. We will look to add to our position if price falls into lower blue range in DEC.
