1.FUNDUMENTALS :BULLISH
earnings,zacks recomm etc .At least for the time being
2.TECHNICALNASDAQ:AKRX :BULLISH
REASONS 4h and daily buy
1.EMA crossover with the 50 above 100 for the first time since late 2017
2.Strong support at 4.2 to 4.3 that was strong resistance before
3.Stockasticks oversold almost
So SL wide to 3.7
TP will put to 6,5
The only bearish outlook is the double top that hit at price level 5.2
still risk wise its worth the try.
earnings,zacks recomm etc .At least for the time being
2.TECHNICALNASDAQ:AKRX :BULLISH
REASONS 4h and daily buy
1.EMA crossover with the 50 above 100 for the first time since late 2017
2.Strong support at 4.2 to 4.3 that was strong resistance before
3.Stockasticks oversold almost
So SL wide to 3.7
TP will put to 6,5
The only bearish outlook is the double top that hit at price level 5.2
still risk wise its worth the try.
Trade active:
hasnt gone my way still but i bilieve the bounce will happen sooner or later
Trade active:
If 4$dollar ressistance breaks i suspect it will free fall to Sl level but we will see
Comment:
SL is already hit in premarket but i still think this will go up in the near future.
Trade active:
Lets see if 4resistance holds.Of anyone hasnt entered wait for possible break of the resistance.Still doubt this will be a good trade
Trade closed: stop reached