I4
Long

Clear uptrend in IOVA

I4  
NASDAQ:IOVA   IOVANCE BIOTHERAPEUTICS INC
72 views
1
72 0
I find stocks with this certain structure usually continue to go up. That is, an uptrend where 80%-95% of the days are green and keep their strength when it matters, like the last two weeks. Despite the major move from 8.50 to 18.00 it has held current price and its resilience is shown by staying above the 10dma when it comes to closing prices. Friday was good confirmation that this uptrend isnt over and a 5-6% uptick from here isnt or should be out of the ordinary. The volume is confirmation of strength during these last two days. Fridays rally shows a lot of strength coming back from a -7% loss and is not to be ignored and is one of the primary reasons why this stock is back on my watchlist. This stock is volatile and should be entered with a small position, day traded, and entered at a decent price. Most stocks have a tendency to open slightly down and is why my entry is at 18.70, this of course will change based on how it reacts right out of the opening.
Comment: Ive decided to hold this overnight as today's tight price action is likely to met with volatility tomorrow. It also broke a resistance trendline plotted at the highs in the last 5 trading minutes and is easily seen in an intra-day chart.
Trade closed: stop reached
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out