Invitae's Q4 results remained the same as in previous quarters. The company has shown strong revenue growth, but remains consistently unprofitable.
At the end of 2020, the company conducted 659,000 tests, which is 36.7% more than in 2019.
Net loss was $ 608.9 million, or $ 4.52 per share, up from $ 242.0 million, or $ 2.66 per share, in the prior year.
The company, in its fourth quarter and 2020 report, promises that revenue will grow from 50% to 60% over the next few years.
According to the NASDAQ, over 90% of the shares are owned by institutional investors. All of these funds have studied the company well and hold stocks with long-term prospects.
To enter a trade, you need to wait for a signal - a breakout of the neckline.
If the price closes below the neckline after the close above it has been closed, the pattern is invalid.
There are two methods for entering a position
- the first assumes an order to be placed just above the neckline. However, the problem with this approach is that you are exposing yourself to the risk of a false breakout.
- the second method involves waiting for the retest of the neckline and then entering the market. The neckline becomes a resistance level. The second method allows you to get additional confirmation of the recent breakout and set a shorter stop.
Take profit at the nearest key resistance level, where a strong rebound in price can occur. Stop loss should be moved beyond the level of the last pullback.
At the end of 2020, the company conducted 659,000 tests, which is 36.7% more than in 2019.
Net loss was $ 608.9 million, or $ 4.52 per share, up from $ 242.0 million, or $ 2.66 per share, in the prior year.
The company, in its fourth quarter and 2020 report, promises that revenue will grow from 50% to 60% over the next few years.
According to the NASDAQ, over 90% of the shares are owned by institutional investors. All of these funds have studied the company well and hold stocks with long-term prospects.
To enter a trade, you need to wait for a signal - a breakout of the neckline.
If the price closes below the neckline after the close above it has been closed, the pattern is invalid.
There are two methods for entering a position
- the first assumes an order to be placed just above the neckline. However, the problem with this approach is that you are exposing yourself to the risk of a false breakout.
- the second method involves waiting for the retest of the neckline and then entering the market. The neckline becomes a resistance level. The second method allows you to get additional confirmation of the recent breakout and set a shorter stop.
Take profit at the nearest key resistance level, where a strong rebound in price can occur. Stop loss should be moved beyond the level of the last pullback.
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