yeungshawn

Overreaction, strong support and gap above = Long $RCUS

Long
NYSE:RCUS   Arcus Biosciences, Inc
1. tremendous drop in the first hour on Friday with a modest rebound, showing the initial overreaction had passed.
2. close above the Strong bottom support line
3. Friday's slump left a big Gap above!
3. there are 2 resistance line near above. Once opening above the first resistance line which is 9.06, the space going up is huge!

Stop loss price can be set at the support line below.
Ratio of Profit and Loss is 3.88.
Potential profit is about 11%.

Worth giving it a shot!
Trade closed: target reached: almost 14% profit! :)

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