From small cap to large cap (ex. ROKU), there are several instances like this. The setup is John Carter's 200-500 moving channel. One way to trade this is to sell deep in the money (bull) put spreads. First target on the upside is 13 but timing is tbd. A double daily close below the recent low is stop.
It seems crazy but the number of setups like this suggest...
ADPT has hust completed wave 2 as a zigzag (wave b being a triangle) and is now primed to start wave 3. Wave 3 is generall 1.618 the lenght of wave 1, putting the next target to 292 dollars. This will take time however and would be a mid-long term investment.
Broke strong support and uptrend line with a bearish head and shoulders top pattern.
With the current market situation and possible head and shoulders on IXIC, the incentive to short has increased.
Company losing money, EPS down 97.7% Q/Q, and the measly 98.40M sales do not justify a 7.23B market cap.
Of course as always, obey stop loss management principles.
Back to $44
ADPT just had a sell off after forming a bearish rising wedge. Pricing just dumped (lined up with the announcement of a new share offering at $40 to raise R&D funds). Pricing has dipped but now has hit an important support level. Should get a decent bounce here. (RSI also shows oversold)
NASDAQ:ADPT
Hey, traders!
let's take a look at some interesting paper.
What we see on the chart:
1. We have reached the level of 44.99, which was formed back in August last year.
2. The level is mirrored, which enhances its power.
3. You can see that the position leads by a "box".
4. Since May 20, a strong short player entered the game, who tried to squeeze the...
NASDAQ:ADPT
Hey, traders!
let's take a look at some interesting paper.
What we see on the chart:
1. We have reached the level of 44.99, which was formed back in August last year.
2. The level is mirrored, which enhances its power.
3. You can see that the position leads by a "box".
4. Since May 20, a strong short player entered the game, who tried to squeeze...
DISCLAIMER. This post is for educational purposes only and should not be construed as investment advice. Your use of the stock observations is entirely at your own risk and it is your sole responsibility
