Good buy here expecting it to run 50-60% higher.
Moving average convergence/divergence crossover on multiple timeframes, RSI rising quickly out of overbought area, price bounced off of a long term price support/resistance line. Target $70 : Tight stop loss
AUPH is sitting on fib support here. Great spot to buy. Expecting this one to double.
BTAI has same promising setup. It has retraced 61.8% of the recent upmove and is poised to launch a lot higher. Good risk/reward long here.
This is XBI at the 4 hour view. It seems that my biotech channel was a success. XBI tried to gap above the top of the channel. However, whenever the price goes above the long-term channel, it tends to get hammered right back in. This may provide some safer short opportunities under these conditions. 1) XBI is at the top or above the top of the channel. 2) VIX...
Please check out my blog post for the full details: www.derzzycharts.com Well GDX looks really healthy right now. There isn’t even a bearish divergence which means we can buy it right now if we wanted to! Remember to stick to your process whenever you are entering positions. So for now, we will leave XBI and QQQ alone, but buy GDX right now if we so...
Please check out my blog post for the full details: www.derzzycharts.com Same exact deal, we have a bearish RSI divergence, so we have already taken a third of our position off, now we wait to see what happens next. "Now we may be seeing a double RSI divergence coming up here, which is where we exit another third of our position. Very key to also think on the...
Please check out my blog post for the full details: www.derzzycharts.com Now we may be seeing a double RSI divergence coming up here, which is where we exit another third of our position. Very key to also think on the bullish side here and consider that the RSI could hit new highs, which discounts the bearish divergence. Very key to watch at these levels because...
Check out my blog post for the full breakdown: derzzycharts.com/blog-1/equities-own-what-is-working Here we have XBI, GDX, and QQQ. The gains have been amazing already, so now we have to practice some patience. Honestly I am waiting for a pullback on some of these sectors before I buy them. Why? GDX looks the most promising, as it is the only one that doesn’t...
I've noticed that most tech related ETFs and the NQ are in the same general channel. This is the XBI at the 4 hour view. It's the biotech ETF. As you may see, my buy zone is way below. This may be due to the coronavirus vaccine hype. Not sure. Either way, biotech has been grinding at the top of my channel for a while. If it pops above it, it will likely get...
nice looking set up on this bio play. watching for a move over 5 $XBI $CPRX
Another descending triangle has appeared in LABD. My numerous other finds have yielded decent results but we have yet to see a turn in the market indicating a new direction. The play itself might be worth a couple of percent gain but please trade safely. The downturn near the end of Friday's session is forecasting a likely poor Monday opening in addition to the...
IBB is forming an ascending triangle, which is a continuation pattern after the breakout. Important to note the 20sma, which has been very supportive in the trend. The is also some support we can see many candlesticks with bottom wicks, meaning the shorts were met with buyers very quickly.
This pharma has benefited from massive institutional buying as of late. From a charting perspective it looks to have broken out and successfully retested the trendline breakout. Go long from here
BIOCEPT looks like it has silently broken out of its long term resistance... I'd venture a gamble to go long here. This could be a multi bagger if it works out.
IFFFFF the $1.98 - $2.00 support line holds and buying pressure increases, I expect to see a pretty big upward price movement for the day. Remember folks, just ideas!
ZSAN is a buy here. It has quietly broken out of its wedge and looks ready to run much higher