$COGT : Potential Run Up

NASDAQ:COGT   Cogent Biosciences, Inc.
This idea is based solely off technicals.

Multiple S/R touches, decent volume, macd looks good on 4h chart

This could be a good play, I will keep my eye on it tomorrow at the open, if it dips below $8.49 ish I will take a position. If there is a hard dump below my stop loss point, I will not be entering, I will just watch it play out to see what happens next but as of the close today, it looks like it can run.

Target will not be hit in 1 day I believe it will take a few days to a week to reach that target but only time will tell. Market has been fiesty.

*Please do your own DD, this is just my opinion. Not financial advice* Enjoy

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