azheng2649

Bullish on YTEN - Swing play

Long
NASDAQ:YTEN   Yield10 Bioscience, Inc
I have been watching YTEN since the start of the war between Russia & Ukraine. Similar to my interest in AGRI , I find that this is another stock that I would like to play on agriculture. With the war ensuing and many other supply chain challenges across the globe, I personally feel that there are still many hurdles ahead which could bode well for stocks like AGRI & this one.

From a chart perspective I am finding it in the same support levels that it has bounced off over the past 2 years. First bounce was back during the pandemic crash in March of 2020. Since then there have been many pull ups and down but never has it broken below the support line drawn on the chart here. I could be wrong, but I am personally invested in this one with a small position size (I never swing trade with large positions as I save those for the intraday trades) I am looking to personally buy down my average in this mid to high 3 zone with the target of holding to swing above the $7.00 mark again. If this play is successful, I will hold on to 25% of my position after the break of $7 to see if it can break the recent resistance of $7.21.

As always, this is not financial advice and simply an idea I am testing.


Earnings Report:
Q3 - Beat EPS by 0.16
Q4 - Beat EPS by 0.02


Yield10 Bioscience , Inc. operates as an agricultural bioscience company. It focuses on the development of technologies to produce step-change improvements in crop yield for food and feed crops to enhance global food security. The company was founded by Anthony J. Sinskey, Simon F. Williams and Oliver P. Peoples in June 1992 and is headquartered in Woburn, MA.
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