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tsx_trader
Jan 7, 2021 7:31 PM

ABUS looks ready for a move up  Long

Arbutus Biopharma CorporationNASDAQ

Description

Trading in a channel. I like the channel, The MACD looks like its turning to the upside, we are near a bottom of the channel, volume is low but we are near the 20 and 50 day MA...

First target is at 4.95 - 5.00

This is where I would be taking most of my profits and re-assessing.

Tight stop loss or monitoring is necessary.
Comments
karl_jr
Agree with your TA. The stock is respecting the channel. Looks like it will hit 5$ in one or two weeks
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