Chek Harmonics: Fishing for Round Three

NASDAQ:CHEK   Check-Cap Ltd
Here, we have what appears to be a clear 3-drive pattern. I noticed that each spike is on a Monday, within one plus or minus approximately 1 week of a quadruple witching day. Furthermore, time ratios indicated the pop COULD happen anytime between the purple vertical lines; however, the pattern is likely to complete within the trendline area as well. Therefore, the trading idea here is to buy as low as possible every Friday for the swing into Monday, since you are buying low and price seems to be technically in an uptrend and pretty forgiving currently. One could easily get out without a loss. No harm, no foul. Good luck and trade safely!

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