WATT (Energous Corp.) Identifying the primary breakout levels indicates a high probability for a breakout event beginning on 21/3/8. WATT has had two prior breakout events at the 3.80 level, first on a descending trend and second on an ascending trend, with a high peaks realized following descending trend lines (Over-Correction). The current scenario is occurring on a descending trend line at the point of uptrend reversal. Other factors include the ongoing market correction that caused a steep down trend to occur last week. This increases the probability for an over-correction up to approximately 4.33 (+/-) in the up trend.
Full disclosure, I currently have no position in WATT so this projection just my unbiased opinion of a probable movement, based solely on previous performance.
good charting! Well, it's at 4.40 so there you go. I'm hoping for a good jump and I see another consolidation at 4.80. Stock needs some more rumors, or twitter hype though. Just like in February. I will hold til 7 again (might be a long long time ha) or until earnings. I have emotional FOMO position in this stock. It has taught me a lesson.