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ZackS86
Nov 5, 2018 12:20 AM

SENS Small correction, before next move up Long

Senseonics Holdings, Inc.Arca

Description

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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