What is good boys,
CDXS is approaching our Demand POI, where I'm pre-planning a potential Model 2 Accumulation.
And the context makes this even more interesting.
The company recently raised capital through a public share offering, while Q2 revenue declined slightly YoY and Codexis remains unprofitable.
Exactly the type of narrative that makes people want nothing to do with the stock.
Meanwhile, I'm watching the chart.
If price trades deeper into Demand and builds the Model 2 I'm looking for, confirmation would open roughly +250% upside into the technical target.
Bearish narratives are always the best confluence when trading these models.
Bad news doesn't automatically mean lower prices.
Sometimes you have to ask:
Why is all the bad news arriving while price is entering the exact area where I'm looking for accumulation?
--> Pure manipulation
No confirmation, no trade.
But if it does, free money on the table.
CDXS is approaching our Demand POI, where I'm pre-planning a potential Model 2 Accumulation.
And the context makes this even more interesting.
The company recently raised capital through a public share offering, while Q2 revenue declined slightly YoY and Codexis remains unprofitable.
Exactly the type of narrative that makes people want nothing to do with the stock.
Meanwhile, I'm watching the chart.
If price trades deeper into Demand and builds the Model 2 I'm looking for, confirmation would open roughly +250% upside into the technical target.
Bearish narratives are always the best confluence when trading these models.
Bad news doesn't automatically mean lower prices.
Sometimes you have to ask:
Why is all the bad news arriving while price is entering the exact area where I'm looking for accumulation?
--> Pure manipulation
No confirmation, no trade.
But if it does, free money on the table.
Through the lens of the Market Maker.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Through the lens of the Market Maker.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.