adolphus53

The wave that might wash away your bankroll (2)

Long
NASDAQ:WVE   Wave Life Sciences Ltd
this stock is pretty interesting its goes up big and sells of big. Its like one day they have the cure for cancer and the next they are worthless. Anyhow the trend is pointing upwards so thats what i am betting on!

Timing = 1 ( the chart looks weak so this stock could drop big with the market)
Volume = 0 ( the big picture shows this stock is moving up and volume is going up which is bullish )
Group strength = 1 (biotechnology looks to be doing okay)
Entry = 0 ( I think 24$ is a great level and it completes a ABCD pattern but with the stoploss it very narrow )
Fractal = 0 (this stock doesnt have that much history yet)