Just stumbled on this chart earlier when searching for something else... No idea about the company, went to the website real quick something Alzheimer's blah blah blah... look i don't care, technically it looks cool. If we dip down to the support its a good risk/reward with a stop loss directly below it...
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Now were talking, Will finally take a small position if we hit this support zone for a type 2 return. then hopefully off to the races.
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Almost there... With the overall context of the market, I have no idea how this turns into a winner, but yet, we will wait to see a reaction...
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LOL i mean, that's a nice candle there. Not quite a bullish engulfing, not quite a piercing line, but its good enough in my eyes. if tomorrows close is above todays candle close I think I have to give it a shot.
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So the candle in the above post closed red, instead i took a long down here. I suspect this bounces with ARKG, and the rest of market. This is a double bottom IMO.
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Also a piercing line reversal candle, like much the rest of the market, if the daily closes here.
The overall market looks like poop, and i trust this very little.
If it retests anywhere in the box I will throw some cash at it...
Interesting how its one of the few green on the day though...