US Stock Advisor: Long NKTR

NASDAQ:NKTR   Nektar Therapeutics
Long term trend: uptrend on the monthly chart.
Short term trend: downtrend on a weekly chart.
Chart formation: price coiling with support formation; reversal formation on the daily chart
Supply and demand: overbought with low stochastics
Opportunity: long-term BUY. Can buy now or wait for the price to retrace 1 more time towards 32.

Rules: Always follow the strategy. Respect your stop loss. Follow risk-management methods. Target is variable on market conditions.



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