NASDAQ:EDIT   EDITAS MEDICINE INC
$EDIT pin action along this disjointed downward channel about to touch a decent support level to rest & bounce at the .618. I suspect it'll fail at .382 back down - barring good news or heavy risk on market participation. Possible cup & handle afterward and/or until more sector news, better earnings , or maybe until ARK dumps pallets of cash on it. If it gets chased back up in the near term, my bull thesis is 70,00 ~mid April. Cheers
Comment: Silver lining is that $EDIT is trading off the fib support levels really well. It's not like we don't see it coming.

If it doesn't catch a bid off the .75 the entire rally dating back to Nov '20 will be completely wiped out. Which could easily place this into a prolonged cup formation.

Near term bullish PT 48,00 (with market relief rally participation).
Near term bearish PT 28,00

Comments

Perfect idea
+1 Reply
Excellent work !
+1 Reply
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