KozakHlib

$RIGL can rise in the next days

Long
NASDAQ:RIGL   Rigel Pharmaceuticals, Inc
Contextual immersion trading strategy idea.

Rigel Pharmaceuticals , Inc., a biotechnology company, engages in the discovery and development of small molecule drugs for the treatment of immune and hematologic disorders, cancer, and rare diseases.

The share prose rose after the company had announced that a drug used to treat an autoimmune disorder will be tested in a clinical trial in the United Kingdom as a treatment for COVID-19 pneumonia.

The demand for shares of the company still looks higher than the supply.

These and other conditions can cause a rise in the share price in the next days.

So I opened a long position from $2,19;
stop-loss — $2,00.

Information about take-profits will be later.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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Trade active: 2/4 closed at 3,44
1/4 closed at 4,02
Trade closed manually: 1/4 closed at $3,22

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