SRNE has broken out of a rectangle bottom base. It has formed a bull flag on its way up. All indicators look up. Sometime in the next two weeks the FDA will make an announcement pertaining to this stock. It looks like investors are starting to pile in ahead of the news. i would put a stop at the bottom of the bullfrog and not put a profit targets. If the news is good, it will likely go parabolic before sinking down again. I would just wait to see how high it will go on the day's news, then sell.
This stock does not have active options trading. Maybe you can ask your broker to write one. It would simply buy the stock. The best case scenario the stock will return between 100% - 200%+ return. Worse case loose 50% as it sinks back to it's base.
This will probably be my Tuesday play as many of my previous patterns have met this targets (stop/profit) and the lack of trading liquidity other than corporate buy backs has dried up the number of patterns to play.
weekly
notice the indicators look strong on the weekly too. Also, notice how price keeps taking out prior highs.
monthly
notice the surge in the stoch RSI and OBV, but price looks flat. also notice the MACD is peaking up.
This stock does not have active options trading. Maybe you can ask your broker to write one. It would simply buy the stock. The best case scenario the stock will return between 100% - 200%+ return. Worse case loose 50% as it sinks back to it's base.
This will probably be my Tuesday play as many of my previous patterns have met this targets (stop/profit) and the lack of trading liquidity other than corporate buy backs has dried up the number of patterns to play.
weekly
notice the indicators look strong on the weekly too. Also, notice how price keeps taking out prior highs.
notice the surge in the stoch RSI and OBV, but price looks flat. also notice the MACD is peaking up.