SRNE - Possible breakout play from $7.44 to $8.87 & $12.87

NASDAQ:SRNE   Sorrento Therapeutics, Inc
SRNE was previously a fallen angel setup back in December, 17 which rallied all the way from 2.50 to a high of 10.50. Than we had a H&S short from $7 down to $4.50 & that also worked really well. Now it rallied up as another possible recovery momentum story breaking through resistance and it was alerted during the day through Tex-message as a possible breakout play.

* Trade Criteria *
Date First Found- May 10, 2018
Pattern/Why- Upward momentum Recovery setup, Possible breakout play
Entry Criteria- $7.44
Exit Criteria- 1st Target $8.87, 2nd Target $12.87
Stop Loss Criteria- $6.43
Indicator Notes- Twiggs money flow crossed into the positive side.
Special Note- Good insider buying

Please check back for Trade updates. (Note: Trade update is little delayed here.)
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