SONA sold off on news today, filling the 1.25 gap in the process and testing the 1.13 Fib support. While more downside is possible, daily RSI is approaching oversold area and hourly is already oversold. Historical support in this zone as well. I took some at 1.15 - 1.17.
I missed this guy when I jumped on MRNA and INO earlier this week.
Just trying to pin this one down a bit, coronavirus stocks are wild and fun :).
For FOMO stocks, typical support and resistance horizontal lines aren't as predictive and you should instead look to the Volume Profile.
Support should be right around the POC, which is $40.
It should slide down to...
IN MY OPINION
The coronavirus has sparked a lot of interest in people with (extra money) stimulus checks/unemployment and (extra time) unemployed. When things go back to "normal" and people go back to their regularly scheduled days they will forget about gambling with draft kings but not all of them. I think there will be a solid price range that it will hang...
INO's narrow, steep channel makes no sense, it'll break below channel line and correct into new downward channel likely falling along with overall market in June.
Avg. cost: $7.28
Sold 20% at $11.63 (~50% profit mark), 20% at $13.30 (~100% profit mark) and 20% at $16.09 today (rough peak estimate). Will hold the remaining 40% just cuz who knows if some trial or...
Nothing too serious here, just an observer on this one. One of my biggest regrets, I pumped money into INO instead of MRNA when they were both cheap when the smart play was covering the field. Noob move... alas, there's always another stock to chase.
Anyway, here's a decent stock architecture for anyone playing this. Basically I'm just hoping it dips super low...
When charting Covid19 US Deaths over Confirmed cases, the Pandemic is beginning to show weakness. After weeks period of increasing infections, those who had become infected have either died or recovered. That ratio, if near, is a "Lower High" than the one set in Early March. If we begin to see a trend of "Lower highs, Lower Lows", the pandemic is being contained....
It seems like the price is trading on sentiment right now.
There is talk that the curve has been suppressed.
The worst in Spain and Italy seem to be over.
Austria is looking to relax the lockdown.
However, we miss fundamental news. That, if you know more about please let me know.
How soon will the airline be allowed to operate...
As the Coronavirus continues to spread throughout the globe without any cure or treatment, researchers have been left with nothing but data to help predict and counter the disease. This being a novel virus, even our data sets are tremendously lacking.
We must make do with what we have, and 4 months into this global pandemic it seems that Italy has been taking the...
MartyBoots here , I've been trading the markets for 13 years and I have see this Panic before
What is unusual is that the Corona virus could have actually been used to manipulate the masses and even other countries
Who needs real war when you can just create a deadly virus
Anyway let me know in the comments what you guys think
Please like the Video to...
AGN.C has a very promising COVID-19 treatment in development. Now that the private placement is closed, they are fully cashed up to bring it to market. .33 appears to be the bottom. I loaded up at .345.
JSE:NPK is South Africa's leading diversified packaging manufacturer. As of basic knowledge due to lockdown regulations economic growth has been slower across the world. JSE:NPK also took a great loss due to this pandemic.
Fundamental positives :
- Gross Profit Margin : 30,34% ( Relatively Strong )
- Current Ratio : 1,36 ( They have enough current...
MMM; Has Coronavirus helped 3M enough to keep them above water?!
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Let's Go! Time to see the much-anticipated earnings report from our savior 3M. We are hoping they are good and the chart may show this first hand already!
1. Fractal Trend showing an uptrend (Green background...
Hey fellow Trader,
The uprising Biotechnology company from NASDAQ:BNTX Mainz, Germany is on its final steps from developing a vaccine for the actual Bio-weapon health crisis from the "new flu" .
With Rolf Zinkernagel a brilliant Scientiests that can proudly say to win a nobelprice and a strong financial background , from big names in the Pharmaceutical...
- 24% quarterly positive earning surprise pushes DropBox higher on the back of more people using Drop Box to support work from home.
- They added an additional $1m paid users YoY and it's ~20% YTD Performance.
- Technically the price has been pushing higher and zooming through the upsloping median line. We expect prices to head back to the support zone at $24
ThermoFisher NYSE:TMO and Avantor are probably stocks that you probably didn't know about prior to the Coronavirus task force meetings, unless of course you are a scientist. For those of you unfamiliar with these companies, let me tell you that they are involved with the production and distribution of laboratory supplies ranging from chemicals, glassware,...
AMEX:SPY has really been a difficult ETF to trade the last few weeks. If you have been relying on the news to help guide your decisions as to whether you should be long or short the SPY, then you have probably noticed that the markets are moving in the opposite direction than what logic suggests. For example, today we had yet another dismal jobless claims report...