In the last 2 trading days we have seen a beautiful push movement that fulfilled the target of the last Fibonacci. What was very interesting yesterday is the fact that from a technical point of view, the target (.61 CAD) was strongly exceeded (.74 CAD) on almost 5 times the average volume.
At the same time, however, the retracement (point C (.60 CAD)) of the new Fibonacci was already met within the trading day from a technical point of view. Which does not necessarily mean that the price does not dive into the retracement zone again.
What you often see after such a strong movement are chart patterns that confirm the uptrend, while the momentum cools down first. In this case, I think a symmetrical (purple) or ascending triangle (blue) pattern is very likely.
In any case, what must be noted in the meantime is that very positive news is expected in the near future, which will then shift the targets upward by leaps and bounds. For this reason, I see the current price including the retracement zone which can be approached again as a very good entry scenario.
Next news: Sernova to Present at H.C. Wainwright BioConnect 2021 Conference
https://ceo.ca/@thenewswire/sernova-to-present-at-hc-wainwright-bioconnect-2021
BC= Retracement (eventually already finished)
CD= Push
In this sense - good luck to all of you!
mophi
At the same time, however, the retracement (point C (.60 CAD)) of the new Fibonacci was already met within the trading day from a technical point of view. Which does not necessarily mean that the price does not dive into the retracement zone again.
What you often see after such a strong movement are chart patterns that confirm the uptrend, while the momentum cools down first. In this case, I think a symmetrical (purple) or ascending triangle (blue) pattern is very likely.
In any case, what must be noted in the meantime is that very positive news is expected in the near future, which will then shift the targets upward by leaps and bounds. For this reason, I see the current price including the retracement zone which can be approached again as a very good entry scenario.
Next news: Sernova to Present at H.C. Wainwright BioConnect 2021 Conference
https://ceo.ca/@thenewswire/sernova-to-present-at-hc-wainwright-bioconnect-2021
BC= Retracement (eventually already finished)
CD= Push
In this sense - good luck to all of you!
mophi
Comment:
Here is what we have. Possible breakout!?
Comment:
News, news & news, this will be an exciting week:
https://themarketherald.ca/sernova-tsxvsva-slated-to-release-clinical-trials-amid-share-price-surge-2021-01-11/
https://themarketherald.ca/sernova-tsxvsva-slated-to-release-clinical-trials-amid-share-price-surge-2021-01-11/
Trade active:
BOOOM Shaka-laka-laka !!!!
After the hoped news for and from today, the idea must be extended. Planned by Fibo 54.10% (reached in 16 days), trade after HALT at about 113%.
After the hoped news for and from today, the idea must be extended. Planned by Fibo 54.10% (reached in 16 days), trade after HALT at about 113%.
Comment:
After the great news yesterday, it will be interesting to see how high the price will go. One thing is for sure, that word gets around over the weekend and I personally assume that the price will still rise a bit. For this reason, I have not yet successfully closed the idea. Only when a retracement becomes visible, I will close this here and make a new analysis.
Trade closed: target reached:
Closing sucessfully the idea with approx. 220 % gain in 19 days!
