Updownflat22

MTEM about to kiss the Golden Crozz

Long
Updownflat22 Updated   
NASDAQ:MTEM   Molecular Templates, Inc.
Upward trend pointing to potential higher price in the short term.

Earnings on the horizon, so tread cautiously, however the positives seem to out weight any potential setbacks

See notes on the chart

Good Luck!
Trade closed: target reached:
We hit our target - nice short term run. For longer term players - this has lots of potential. I would re-enter on significant dips.
Trade closed: stop reached:
Odd price action given the news of reorganizing their pipeline - The stock look like it entering oversold range - I was stopped out but plan to re-enter - watch out for wash sale rule 30 day wait) if you are in the same position.
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