The 5th wave, this roller-coaster pattern has legs! This is a very attractive pattern with a lot of potential gains, keep your eye on this one. Wait until confirmation of the uptrend and this should be a great call!
This pattern is very attractive and could be 20% gain on this one. There are some warning signs on this one though, 1. Volumes low. 2. 180 EMA is now showing up on the chart. It could provide a new resistance level around 29.80 which means possible gains could be cut in half. Still want to confirm the reversal today, and look at other options to see what's best. uc.
Analyzing the daily chart for AKCA, it can be noticed that the price held its long term support level and it's setting up for a rise. The price has been steadily increasing in the last couple days with new higher highs. If the price follows its established uptrend channel, or the newly forming downtrend channel, we can see that there is room for a big run up. For...
This stock has potential to really move one way or the other. Sizing should be appropriate for biotechs and potential movement.
Hourly chart looks like solid flag. Would need to clear downtrend line to confirm move higher
There is a running stochastic divergence on channel line support. Mentioned this one last week in the list and it finished the week strong. It looks like there is more upside to come, but I consider it a higher risk since it is a new stock (IPO in July).
Target: 20.93 - 22.70 (7.33% - 16.41%)