After earnings NASDAQ:SRPT tanked HARD to what was a prior support at 126.53 where I had entered back in September. I watched this closely with a residual positions to see if it would hold it or break the level. I wanted to have some skin in the game for SRPT to retest the highs for the long term. So far today it looks to be holding that level as it has...
This is a Bullish indicator signaling SRPT's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron's A.I. dvisor identified 41 similar cases where SRPT's MACD histogram became positive, and 33 of them led to successful outcomes. Odds of Success: 80%. Current price $135.72 crossed the support line at $134.67 and is...
Setup an order this morning to buy SRPT at 127.71 and was not sure if it would fill. Market sold off today as the SPY continues to fight that critical level this week.
Short SRPT, double top rsi bearish divergence, pt 150.02 for first support, pt 136.27 has shown strong resistance and has not been tested since crossed. SL at 175.00
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SRPT 2D: XABCD BEARS / 40% correction next(NEW/UPDATED)...
Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
SRPT 16H: XABCD BEARS / 40% correction next(NEW)
IMPORTANT...
2 EZ.. SRPT TGTX KPTI are 95% of my portfolio. We are taking 20% profits on every trade and my portfolio has never been so hot.
I did miss out on $MELI $TWLO & $SQ but i'm really looking forward to this data release early june!!! Summer money.
Sarepta Therapeutics Inc (SRPT - US) is in ABC flat wave correction from major bottom shown in chart. It is about to complete the 5 waves of C wave up as impulse sequence, which calls for next downward correction.
$SPRT is about to break the resistance of cup after a long consolidation. There are two options in front; one ise to break and to continue rising and the other one is forming a handle.
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Had broken from original descending channel and moving bullishly higher with the entire sector.
Possible short term trade between resistance levels.
Hopefully you caught the original breakout from the channel with a 20% gain.
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Range is tightening between down-trending channel, POC and horizontal support.
Set alert for next touch on channel
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Possible entry on break from symmetrical triangle $134.00
Target price $157.00
Stop loss $125.00
Golden cross completed.
Alert set for break above $122
All eyes and ears will be focused this week on the JPM20 conferences at which SRPT is expected to possibly give a pre-announcement on earnings and a Drug Trial Update on Monday. These events can move a stock very fast and the option market is already implying a 6.5% move in the stock.
Short interest in the company is high at !7% which could led to quiet a rally...
Will be looking to trade the actual levels with a possible bullish flag that is forming.
Entry level $133 with target price $145
Huge 30% potential gains if we do get a bullish flag break.
Entry level $146 = Target price $158 = Stop loss $142
We have been covering this long form the $80 region after a massive selloff as a result of FDA issues but today the company received a boost which is detailed below.
Roche enters $1.15 billion licensing deal for Sarepta gene therapy
ZURICH (Reuters) - Roche entered into a $1.15 billion licensing agreement with...
