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...
wait till breakout.flag pattern..place stop-loss that suits your risk appetite
adpt 22 july trade after breakout tgt 10.90 sl 8.50 1week.... swing tgt 14.90..sl 7.50..breaks below view negated.
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.
Check it out! Now in loading zone!!!
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
Thought process Bearish Technicals: 1. H&S Pattern Neckline Violation 2. Trendline break Fundamentals: 1. Strong Growth 2. Revolutionary product that sells Memo: We've got a downgrade today. Usually, downgrades are bullish so, it will be interesting to see if it will trap all the bears or follow the technicals and go down. The landing zones (supports) are...
Looks to be forming a head and shoulders pattern. On watch for the break higher to upside to around $65. couple days could break down again.
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)