ZackS86

SENS Small correction, before next move up

Long
ZackS86 Updated   
AMEX:SENS   Senseonics Holdings, Inc.
With recent news, SENS pumped 15%- Corrected back down to support lines: Refueling for next move up. Price target: 4.15-20 before next resistance.

Long.
Comment:
As predicted, premark showings SENS increase 3% = 3.93$ price. Unfortunately in this market condition, this will play out based on how DJI does this week.

If market conditions stabilize accordingly after the volatile month we had in October, I would recommend moving the Profit Target hitting $4.25 : 4:40

Happy trading and remember to always place your stop losses. You can't win them all, but you can definitely minimize your loss at all times.
Comment:
It is also fair to note, we are about in a daily TTM squeeze which just happened to fire long. Great indication for continuing upward movement.
Trade active:
Currently formed a descending triangle pattern for either reversal or continuation after its recent high.

Based on the fib line, SENS must hold 3.36 for above prediction to play out.

If we break 3.36, next support level is 3.00.

If you are a long term holder/ fear not. Good news coming out December.

If you are a day trader, put your stop losses below 3.34.

Good luck.
Trade active:
Support held + FDA recent approval of SENS + TTM Squeeze firing long = Good Times. Stick to the plan.
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