NYSE:TAK   TAKEDA PHARMACEUTICAL CO LTD SPON ADS EACH REP 0.5 ORD SHS
The Square Root set-up appears in large cap stocks that underwent capitulation. Because large caps are heavily traded, the high liquidity reduces sharp movements. This set-up is best for position trading and usually is a sweet spot for establishing a core position on a stock that potentially has long runway for an uptrend.

Tailwinds:

There are reasons to be optimistic for the longer-term growth with Takeda also being a diversified COVID vaccine play.

Exploring further, the company has a multi-thronged approach to the problem, first as a treatment developer undergoing clinical Phase 2 trials using plasma technology, second as a manufacturer through a license agreement with Novavax's (NASDAQ: NVAX ) COVID-19 vaccine candidate and finally, as a distributor in a three-way agreement with the Japanese government for Moderna's (NASDAQ: MRNA ) vaccine.

Source : Chetan Woodun, SeekingAlpha
read full article here : https://seekingalpha.com/article/4397133...

Comments

Wow nice work !
Reply
@BDETampa, Thank you! A rare combination of value and growth. Definitely something keep on the watchlist for 2021.
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