SGMO has been correcting its 100% surge higher, I believe I have found enough evidence to suggest the SGMO pullback has completed and represents a great buy opportunity:
1) +1 year long resistance is acting as support 2) reclaiming of the aVWAP from the bottom for the first time in 8 days 3) holding the 50 day EMA 4) consolidation occurring at the 50% retracement 5) price low of $13.48, AB = CD from peak terminates at $13.46
This idea reminds me of the technical situation of OTRK (formerly known as CATS) which I've linked below. The combination was a nearly straight line move higher off the bottom followed by a pullback into the long term resistance (now support), a key moving average (200 EMA) and a key fib retracement (61.8%)