FULC, Technical reversal play .

First of All , shout out to Horizontal Price Levels Trading (on tradingview), I originally read their publication on FULC which was what spurred my original interest.

Secondly,
Bio-tech is NOT my strong point , as I do not have a medical background and reading the news reports these kinds of stocks produce can be hard for me to comprehend

Example from Quoted text from a recent report: "Results from the interim analysis in the first 29 randomized subjects indicated that DUX4-driven gene expression did not separate from placebo at 16 weeks."

Me: but what does it mean ? >.<

If you know what it means feel free to share but my point is that I have no idea if thats bearish or bullish .

So , All that out of the way now , strictly technically speaking, I think FULC has some fuel the indicators look nice and I do like that they beat on their recent earnings too (15.27% Suprise).

Comment:

This is still looking positive even with the slight price drop. The RSI, advance/decline and accumulation/distribution levels all look uphill at this time , also some nice buying volume at the end of the day today certainly doesn't hurt. Nonetheless, I will be watching the price levels closely to make sure they stay somewhat stable during this accumulation period.

Trade active:

Covered my cost on this trade today, holding remaining shares , after it hits 12$ we may see some gap fill to $15 but the markets in general are due for a bearish run based on QQQ and SPY charts . So , decided to cover my cost to eliminate risk .
My updated profit target is $15.

Trade closed manually