IDERA Pharmacueticals Swing Trade

NASDAQ:IDRA   Idera Pharmaceuticals, Inc
New idea IDRA is forming a ascening triangle. Starting to look similar to HOS. Think this will go up to 1.67 which is a key resistance area which is my first target point that will be a 4% return. If breaks this resistance i could see this going up to 1.8 which would be about a 12% return.
Comment: Still consolidating thinking for a bigger move up. Earning release today really didn't help this move.
Comment: Almost there with both targets. Insiders buying
Comment: Target 2 hit im out of this trade.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.