Precision BioSciences, Inc

On the above bi-Weekly chart price action has corrected over 90% since a sell signal in November 2020 @ $13 (not shown). A number of reasons now exist to be bullish , including:

1) A strong buy signal prints (not shown).
2) Regular bullish divergence . Multiple oscillators printing positive divergence with price action over an unspecified period.
3) 2-week Dragonfly DOJI candle.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Stop loss: <= 90 cents

Trade active:

A signal has printed.

Comment:

A very good moment.

Comment:

On support

Comment:

"Precision BioSciences to Report Fourth Quarter and Fiscal Year 2022 Results on March 9, 2023"

The news is already positive.

Comment:

Stop loss revised to 85 cents.

Trade closed: stop reached

Trade active:

A very strong bullish divergence has printed on the 2-week.