ADAP
A Fantastic Bullish Setup on ADAPThis stock has shown breakout earlier creating wave 1
then it created its wave 3 when it had its stronger breakout
now its doing a flat sideways tight range wave 4
The NEXT breakout will be a wave 5 up
ADAP SHORT TRADE IDEAThis over reaction to news and an approval may result in another handle on this left-facing cup and handle.
Best of luck.
-zm
ADAP: daily log. Take a look.More speculative as is a bio pharmaceutical. One bad news release can lead to big drop. Chart looks good to me. Notice the positive reversal in the daily RSI. Could use close below the current up trend line as a stop.Yellow box is near term target but if price blasts though that level it would be very bullish.
Process your way.
Take care.
