IDRA- on watch for this week

NASDAQ:IDRA   Idera Pharmaceuticals, Inc
IDRA on watch for this week. Although the last candle is bearish engulfing this could mean an opportunity to enter at a lower price point.

It did however manage to close over the 200/50/10 moving averages

ADX is over 28 DMI+ is over 30 DMI- is at 16

I am looking to enter this at around 1.85 to 1.9 for a swing. It is currently at the pivot point of 2.01

Fibonacci levels are currently as below.

Support/Entry 1.87/1.92/1.96

PIVOT - 2.01

Resistance -2.06/2.1/2.15/22


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