I'm not of the belief a cure is really what we are going after as much as a viable treatment and potentially high likelihood of preventative protection from said virus that has changed the way we function as a living, breathing society. Off from that soapbox, SRNE had quite a windfall for some on board a couple weeks back when they made announcements of antibody...
The nice cup and handle pattern was pointed out on May 8.(see link below) Its been a wild ride since. I took some profits at around 6 on the day is bounced. Here is a potential EWT count to me. (always subjective so I don't personally trade on it alone). IFFFF it would rise to the 27 level we would have a great "W" base. This is still a SPECULATIVE stock and as...
Possible long trade coming up next week. If the price does not bounce up off the current support line at $5 then it should find its new support at $4.50. If $4.50 proves to still be a relevant support, wait for a bullish signal for entry. Take-profits can be set just below the $5 or $5.70 resistance lines.
...this looks so tempting. I've never really tested my custom alerts on penny stocks so we are going to see if it works on NASDAQ:SRNE . Target price is $6.75+ according to the daily chart. I'm buying one option spread tomorrow (strangle to be specific) and that's it. It's a pure spec play and test. also, tiny position but i'm excited to see if it will work! I...
It looks like SRNE is trading in between the Upward Channel Line and Lower Trend Line. If you check this chart out on a 1 Minute time frame it will show in better detail. All it will take is one good news article from the company and the price will shoot up above the Upward Channel Line and take off from there. For now, it looks like it will be trading between...
SRNE closed up 158.02 % and went another 3.99 % in After Hours for an AH close at $7.03 and had a HOD of $9.00. The thing that caught my eye the most was the incredible surge in volume. SRNE had 506 million volume on Friday slightly exceeding the volume from the last 80 trading days combined. Normally here, I would be expecting a pull back but I cannot ignore...
Buying opportunity with potential downside of 20% and potential upside of 80% plus
Should manage to move between those trend lines.
if the bullish pattern continues to play out. pathway may vary, but targets are listed as: $13.15 $21.88 this is a buy and hold at ~$3.60
FOLLOW UP TO PREVIOUS POSTS, THERE IS A POSSIBILITY OF BOTTOM HAVING ALREADY BEEN REACHED AT ~1.96 MARK FROM JUST A FEW WEEKS EARLIER. LADDER IN YOUR BUYS. ALTERNATIVE BULLISH CASE RESET
SRNE HEADING TO SUB $2.00 BASED ON ELLIOT WAVES AND PREVIOUS SUPPORT
Decision time, either the 4 dollar mark holds up or it pushes further to 3.15-3.50 range
SRNE looks bullish. So far this has been climbing up my original projections, however, exceeding my highest highs as this stock continues to display an extension of wave 3. IF in fact this current cycle of waves is only a WAVE 3 (per Elliot Wave analysis and rules), then this may reach and exceed the $21.00 mark! So here are the targets if this count is...
no update, still on target with all the doom in gloom in the US stock markets - nice to see SRNE trading well
Completing it HEAD and SHOULDER formation"? Or at least one of the shoulder points. HIgher Highs expected soon - lets see what the market does. Extended 3rd wave? Doubt it, but we can expect some consolidation before it erupts into new territory after some time in the low $2.00
the Greater ABC correction can be seen here from $3.77 to 2.47 back up to 2.98 and completing its correction down to the E position at $2.15 Further more...this looks like a textbook 5-3-5 correction (Zig-Zag comprising of 5 waves down 3 waves up and 5 waves down.) the 2 ABCDE corrections at the start of Wave III and complete at start of Wave 4 illustrate this...