Ensysce Biosciences shares are trading higher after Zacks Small-Cap Research set a $23 valuation on the stock. Ensysce Biosciences, Inc., a clinical-stage biotech company, engages in developing various prescription drugs. The company is developing tamper-proof opioids using Trypsin Activated Abuse Protection and Multi-Pill Abuse Resistance platforms. Its products...
Daily chart remains in a Bullish structure, although we saw a big rejection at 1852 target. We have a Goldturn trendline being supported in an upward trend, which is still in a Bullish setup. Until we see EMA5 on the daily chart crossing 1801 level the setup remains Bullish to pick buy entries once momentum settles. However we have eased up on buying dips, as the...
We posted this last week and this was a live example of back to Benchmark. We got our 1852 target although we were hoping to also see 1856, which is left open and then FOMC triggered the move down also inline with a strong resistance, we already identified for shorts last week. see below; This chart played out testing the 1850 zone and then dropping to the...
* Great earnings * Very strong up trend on the monthly time frame * Very high 3-month relative strength of 2.73 in the Industrials - Marine Shipping sector * U/D Volume Ratio of 0.85 (above 1 is preferred) * Upper base depth of 19.06% * Currently trading with volume 184.01% above its 15 day average * During the formation of the upper base it also created a cup and...
Progenity, Inc., a biotechnology company, provides develops and commercializes molecular testing products in the United States. It offers Innatal, a noninvasive prenatal screening test offered to women early in pregnancy to screen for chromosome abnormalities, such as down syndrome, trisomy 18, trisomy 13, and sex chromosome disorders through the analysis of...
We can see double bottom on D TF and strong green candle, so I expect to see price around 0.91200
Hey everyone, A quick update for end of play today. As you can see the chart speaks for itself, we have hit our first target at 1852. Those of you, who have been following all our posts, would have seen how we have been calling each target step by step. Price has reached the Goldturn channel half line at 1852 and now we need to see EMA5 cross this level to...
Hey Everyone, A quick update following on from our post this morning. The targets we identified for our buys were hit perfectly and retraced from the Goldturn as identified. We maintained our plans to buy dips and taking positions from Goldturn supports identified. Here we have the 4h chart update, showing a Goldturn channel that we broke out of and now broken...
We posted this yesterday (see related post below) identifying the Bullish movement yesterday will look for support at 1828 Goldturn. This is once again playing out perfectly. If this holds at 1828 as support we should see another push to the upside. This is another example of strong resistance turning into support. A break or range between the two Goldturns...
Hey All, Just a quick update and illustration of what the price is trying to do. The Goldturn trendline is giving us a steady move up with enough time to assess any change in the structure. If EMA5 finds support close to 1838, then we will see the move up towards the upper targets. However, as you can see from the blue triangle sitting below the Goldturn...
hi there It seems that #ADA Is in a important level the chart 📉 shows us that beside of a good key level It sold off 3 times and formed a (wedge). In my point of view It's time to buy and HODL, consider this that every reversal signals works 40% of the times so be careful and use stop. cheers 🥂.
* Great earnings in the recent quarters * Strong up trend * High 3-month relative strength of 3.82 in the Industrial sector * Has a U/D Volume Ratio of 0.94 (ideal would have been > 1) * Pays out a generous dividend * Breaking out of its ~17 month base * Due to the recent volatility it had a slight pullback after its previous breakout * Has been holding up really...
Hey Everyone, Just a quick update from yesterdays analysis. Our setups for buying dips still in play and we have started to see this play out with price hitting two targets 1838 and 1844. We had a rejection at 1844 and saw price come down to 1838. If 1838 resistance now turns into support and holds this level we will see the continuation of the Bull run. If...
We had a perfect finish last week with our BUY's hitting target and buying dips according to our plans throughout the month. Price hit target at 1847 and followed with a retracement down to 1832 and found support. We have a Goldturn support level at 1832, which needs to hold to continue with the Bullish move to targets at 1850 and beyond. If price does not...
EURGBP is in a critical monthly support zone on a monthly timeframe. It has been consolidating for these passed two weeks with no direction. In addition to that, a bullish engulfing on the weekly & daily was printed which shows a strong possible bullish momentum. I do believe EURGBP will go up & is a good opportunity to buy & hold.
Weekly Forex Forecast | Look for BUY Setups * This is only for educational purposes*
Weekly Forex Forecast | Look for BUY Setups * This is only for educational purposes*
Hey All, We had some great feedback from our back to BENCHMARK strategy (see related post below) and wanted to share another simple strategy that I have been developing and using for many years that I call, Range Boxing. A term I thought was the perfect cliche of two words for this strategy. RANGE BOXING creates what we call a RANGE VIEW; A clear view for price...