End of the year for edit seems extremely positive. Results and further company plans will be out to the public. Working on cure for blindness as well as positive tumor shrinking results. This company should be massive but as of now in debt and extremely speculative. Hence the volatility. Is 25$ a reasonable price? Yes in my veiw extremely undervalued. Howver the TA shows the clear volatility and emptiobal ride. Short term we lost some support that was extremely important around 27.50 Howver as of now double bottomed at recent low and broke a smaller wedge. Our larger wedge resistance up at 28 we want to see a powerful move and backtest as support. If we can push through and confirm that downtrendinf resiatnce as support this would be a great start! I am keeping eyes on edit for a safe entry above 28$ would be a great safe entry if it can hold
hey , again , can you explain to me pls when do you decide if it can hold before entry 28 , just asking cus i have found many stocks that broke the resist and i have entered like a moron and after 10 min it crash to my sell stop :{ , so it is why im asking , how long time best wait to decide it holds 28 or 56 or what ever ??
Erictaylor
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@TORNADOF5 somepeople say daily close. Some say 4 hour close. I like to look for a pattern to form around or under the level and olay the breakout.
Erictaylor
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You can try to enter before 28 to gain that extra 2$ but just higher risk it keep going down but you just have to use a stoploss below that low or a dollar 20 or so below entry
TORNADOF5
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@Erictaylor, yes seems like it is a good tactic , last time SFM fuked me , but with my luck after it kicked me it will go up fuk me thank you a lot ..
Erictaylor
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@TORNADOF5 yeah I know that feeling. Hate that. Just be cautious with this one unles it breaks up. I’m waiting to enter. We saw another 26$ rejection and doesn’t seem buyers want to pay more then that right now so it’s under water for a bit