should be the next crispr or illumina ... it supplies stuff to MODERNA
it could be the secret sauce in pre diagnotics or preventing diseases before they become serious
currently winding down and allocation of shares to serious players and strong hands with conviction in the Ai Tech Cum Biologics
NASDAQ:ABCL could blow through the light volume gap and return back to the high 6s, low 7s. With AI hype coming back, this might a good time to add to or start a position.
I remember reading somewhere about chart patterns...this is one of them. 3 rising volume spikes indicating a shift in momentum. ABCL is forecast for major growth...I have taken a position here. Would have been great to grab the bottom if you had the confidence!
ABCL, TGNA and BOXL are showing great entries for long term investments that may provide more than 300% return. Interest rate cuts may accelerate the process.
Abcellera Biologics is a biotech stock setting up in a textbook cup with handle pattern.
The stock has growing institutional sponsorship as shown in the chart from MarketSmith on the chart. It also has a relative strength ranking of 97/100.
Shares formed a cup with a 37% depth and have since drifted back slightly to form a defined handle.
I will consider buying...
Nice secondary entry to add to your position.
After breaking out of the previous flag, price consolidated again for almost a week on decling volume.
Enter the stock if it moves over the high from the previous day.
Stoploss can be set at the low of the previous day (tight stop loss) or underneath the rising trend line (loose stop loss)
In a longer term...
I'm a novice learning The Man's ways. My crayon drawing on this chart appears to be a close to a Stage 2 breakout. I think. Since ABCL is a yungun' I substituted the 150 for the 50.
Anyone else have an opinion?
XBI looks like a current leading sector.
I still feel its early but I just do what the chart is telling me... or technically the book is telling me...
I see a long bearish trend making its fifth wave (elliot wave). wyckoff accumulation become more and more relevant, stop hunt followed by a break of market structure already happened;
I marked 3 zones in wich the pullback may stop
Bullish
- Stage 1
- Decent sector position within 50%
- No longer making lower lows on the weekly
- Broke out of downward trend line
- Potential inverse H&S formation
- Gaining momentum on the upside seen on the Momentum Theory Indicator
- Smart money have been accumulating
- Decent sales
Bearish
- Great if better P/FCF ratio
- Great if lower PEG ratio...
AbCellera is a technology company that searches, decodes, and analyzes natural immune systems to find antibodies that its partners can develop into drugs to prevent and treat disease. AbCellera's full-stack, Artificial Intelligence-powered drug discovery platform integrates modern technologies from engineering, microfluidics, single-cell analysis, high-throughput...
ABCL looks like is finishing a 3 waves downside move, price action seems to be contained within parallel lines, price could come down to 9,51$ and from the we could see a bounce to the upside and start a new trend and resume the downtrend.
Great company of they achieve their goals this one might shake the bio sector, i believe in their CEO and investing some in their dreams ...
if we get any positive news from merck pills from FDA we might go to $10 range and if not we will go back to +$20 however this is not covid play for me in long term
This is a technical analysis setup:
1) The moving average crossed over signaling buy after a bottoming at at around $15.50
2) I am targeting the first missed pivot $23.30
Based on the close today this would be a 34% return with limited downside.
Regards,
