In the dynamic realm of biotechnology, companies are often propelled into the spotlight when groundbreaking partnerships and promising drug candidates come to light. Compugen Ltd (NASDAQ: NASDAQ:CGEN ) is one such company that has recently made headlines with its collaboration with Gilead Sciences Inc (NASDAQ: GILD) and the development of its pre-clinical...
We entered CGEN last week hoping for a rise to 15. The biotech sector (IBB) was breaking out and our model was picking up a potential reversal signal. So far the trade has been flat to down. We will be stopped out on any close below 12 but for now we are holding strong. Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets....
Ingenuity Trading Model used in- Stock, Forex, Futures, and Crypto markets. For Stops and overall trade management join the club. The model is a Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast....
Notice price could be supported by a longer term trendline - not just the horizontal support drawn above:
It is breaking the buy point out today. The volume is about to exceed the average. watch for channel resistances. 12 months Consensus Price Target: $18.57 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx