Abiomed is currently in a Phase 4 Hyperwave and looks to be at a point of possibly returning back to the Phase 4 line before continuing higher. Will be looking at puts next week with a target of 375 and then reevaluate from there. Phase 4 very powerful upward movement so will not play large on puts until the Phase 4 line eventually breaks on a weekly closing basis on a linear chart. If Phase 4 holds over next few weeks/months then will buy calls as upward trend resumes.
@Taniaviews, yes, by my line it has, but it is possible to be too tight so best to watch and see if it accelerates downward or leg into any trade careful first week
Taniaviews
⋅
@Jay6336, thank you!
ATCTA
⋅
The target for next week is not 375.... But over the next 4 weeks would expect to touch 375 possibly 360.
ATCTA
⋅
The last candle on the weekly is a 9 on the TD Indicator, suggesting 1-4 candle correction on the weekly, RSI has bearish divergence however the MACD is still sky high and increasing