DotcomJack

Random Pick of The Week | $AKBA BioTech

Long
NASDAQ:AKBA   Akebia Therapeutics, Inc
Welcome to the first "Random Pick of The Week", where I will randomly select a ticker to chart based on comments posted below or sent via direct message.

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Todays's Pick: AKBA / Akebia Therapeutics Inc .

Looking at the great scheme of things, we can see that AKBA has been in a steady downtrend for the last 5 years with only a few points of high demand. We've seen some massive leaps throughout the last 5 years, which is as expected knowing that we are trading biotech.

We look like we will sit in a wedge up toward the start of 2021, leaving us with sideways movement (-+8%) until. We look for a breakout and retest of this wedge if bulls have any hope of any run into the New Years'. If we break out, we have $3.95 set as a short-term target and $7 as our long-term. We must watch $2.75/$2.70 as our weekly support, if lost look to short toward $2.10/.20.

FYI: Ignore the green box, it decided to change angles last second.

DCJ | Happy Holidays
Comment: Possible short inbound