2 very critical gaps to fill, 1st @ 2.35 2nd @ 3.35 , I expect both to fill within 90 days , not to mention a bounce off this rev fib would shoot us up to 2.92
SENS finally received FDA approval on their 180 continuous glucose monitoring system and the price TANKED! Out of nowhere today we see somewhat of a change.. I believe we are on the upswing now for some violent price action. Take a look!
we go bounce at our support 2.18$, We have strong resistant and reversal area at 2.70$, we should have 4h candle to confirm the bullish momentum . if we didn't hold the above support, we will see buying pressure agin at 1.72$
Bounce play, lots of room to move upward, a breakout could send SENS as well.
$4 calls in the money now, still have 8 days to expiration. Time to take at least half profits...still has plenty of room to go, but always protect some profits.
Earnings week, so will be about guidance and discussion on FDA. Holding $4 11/19 calls, will reassess after
But just the start ideally, still holding the $4 calls for 11/19. If we have a consolidation week I'll need to extend out to Dec.
Still doing fine here, nice weekly candle set up, no change to my thesis on 11/19 $4 calls...
Over $4.15 we will see a move to $4.76, $5.20, $5.64. Resistance at $4.58 SENS has a catalyst in the next 1 - 2 months. You can take 2022 March $4 Calls. I’m holding SENS $2C 01 /20/23 @$2.5 Calls.
Breaking out of this triangle, solid move so far this week. Anticipation of FDA approval of 180 day wearable glucose monitor as the driver and potential catalyst for more...also risky for that reason
Starting a potential move out of this triangle, looking for continuation the rest of the week
$4 calls at $0.15 still holding, risky as there will be news on FDA approval, but low risk/high reward and I like the chart look
This weekly triangle is looking interesting, just starting to study this stock. Implantable glucose monitoring company...I like the chart and the tech so far...starter position could be 11/19 $4.00 calls at $0.13/$0.15
SENS Senseonics is waiting for FDA`s approval for the 180-day version of its Eversense CGM system. Eversense can generate as much as $200 million in sales by 2025. HC Wainwright sees a 6usd price target for it. And let`s not forget it`s a meme stock.
Cup and Handle formation on the weekly chart...it seems like theres more upside to $4+ range in the coming weeks
Was this a false break out or is it going to keep going?
Pulled SENS back up again after a few weeks and see that it's still holding the same fib and trendline levels as it was when we first drew out the fib retracement. It's also now holding the 50DMA consistently as it steadily rises. For some context, this company develops and commercializes continuous glucose monitoring systems for diabetes patients. Senseonics...
This figure is not confirmed yet. Must break the 4$ resistance with volume to confirm. If confirmed: Price target = 7.50$ Stay humble, have fun, make money!