Tkai massive upside potential. In other words, buy between .99 and current price 1.06 and aim to get out in the 1.2's. Current price is the high point of first wave up (the XA)..price descended appropriately (1--> .618) for support, and moved higher between the 1.21 and 1.41 exetension of XA. The following downtrend in price should suggest a move upwards to at LEAST 1.2s.
Trade according to Price tags. Take profit at S/R levels.
Despite the gap up today, the short term downtrend is still in-play. Key support/resistance are converging which suggests a strong move either way. The descending triangle pattern seen here has a heavily has bearish probability. My 2 main trend indicators are EMA (13/48) and PPO (12,26,40), which are both bearish on the daily time frame.
It may already be too late to cash in on BSPM
With Section 8 Rules, I don't expect the shares to fall much lower than they already have. But, with Fib Time Trend, it looks like shares may not rise until at least Oct 3, maybe early next week? But with the possibility of being removed if shares fall to 6, I can't imagine them falling much more than another penny or so to around 9 before taking off. What say ye?
This is for a special friend of mine, scully, here you see the trigger of 23.6 4.93$. Next target 6.15$, 6.39$ :)))))))))))))))))))))))
Elliot wave suggests downward momentum for the past two years, and yesterday NVAX investors got their hearts crushed. Where can it go from here? Based on yesterdays market activity, I see it headed towards the 1.618 retracement regardless of upward or doward movement. so, if it heads further south we could see high 80s but under a dollar, and if demand increases...
Well, let's take a look at Galena. (short-term) Come to your own conclusion :)
There is no doubt, this is a stable downtrend since 2015 and it's easy to see further lows this year. But I think the 3point extension is working with no further lows below 77,92$. Either traders are waiting for stepping above 82,93$ or go in risks now.
As soon as the red solid channel breaks. it's time to party. www.zacks.com
Bearish triangle forming for $IBB with a price target of $244 - $271
ONTX Triple Bottom with increasing volume. I'm looking to be moderately conservative on this buy; the 38.2% Fibonacci level will act as a nice price target for this bullish play. Viewing this chart, one can see that ONTX has been unable to sustain its gains above the 50% fibline, so you may be able to sell at that point, but as a low float stock anything can...
RECENTLY most of the biotech companies are doing bad but somehow this ETF is going up. I saw weakness in technical analysis of monthly charts but weekly and daily needs to go down before shorting. Think this IBB bull will be ashort lived and once broken it will be a free fall zone. Leap options for short side will be a good bet. Don't go short yet but a good...
There's major global pull back, Biotechnology will scale back, but not as much as SP500 and DOW. You should hedge properly, VIX will be back soon. *Election year is Biotech Year*
The uptrend for regn looks strong at the moment with the rsi above the 0 line but do be careful in the weeks leading up to earnings release. personally, i am long atm but that may change if I can buy it back at a lower price.
im not going to add more oil companies because this is based on my personal stock picks atm. Just take a look at that price action
REGN could head north of 400 post earnings, time to get in is between now @ 358.50 and a low of around 320