Following daily chart and got a long signam from my indicator.
TP1 1.70
TP2 1.76
TP3 2.01
Also following EMA100 line, this is another target point for me.
SL is depent on indicator, not price but below 1.1 can be stopped.
Nothing to see here..
Move along.
I am clueless pleb who scribble wild unfounded accusations of inner mechanics..
But yet you can't look away.
Deep down you have already asked yourself; what if..
It will linger in your mind. Implanted. Swirling with questions.
What.. If..
This is a game to me as much as it is too you.
I think that's fair.
Right..?...
The most volume this stock has ever seen has been in the last two days when institutions dumped it
just days ago it had a $150 price target and was trading at $80
now it's trading at $10?
This is a crazy bargain, Robinhood even let's you buy this on margin which is crazy
Hey traders, ALLAKOS is in a bullish movement with a large buy volume issued and a kind of hammer candle. The TIMEFRAME M1 on observed a trace from the sellers on a return of purchase volume it went to test. Then make a rebound on the zone of strong stabilization potential of breakout the price then then the zone for arrival in a second. And land on the top that...
$ALLK is projected with a bullish outlook after a positive over reaction following its earning with price currently trading above the Upper boundary of the projected PEAD cone.
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Price forming wedge/triangle with 200 Day MA acting as resistance. Break of 200 MA is a buy, I like the $77 level, but notice the gap at $82. Could look for price to fill gap and return to breakout level.
There is not much I can say other than one more day at least for strong bullish movement on this one to complete a three green soldier advance in my opinion. Then I will look for a spinning top and get myself some short term put options.
Some points to consider.
#1 This is a symmetrical triangle topping a bull flag it can go either way although in any normal market conditions it should continue bullish.
#2This stock has only 30 some odd share holders which means most of the company is own by a small group of people and there isn't a whole lot of people to dump this on.
#3 anything can happen...
Following is a video of a simulated trade in which I made $724 by shorting ALLK. I saw the stock at FINVIZ after the market had opened and saw that it had risen up to 124%. I quickly went on TradingView to see it was double than most of its days and shorted it knowing it would come down after a while. I didn't know how fast. I started with stocks about 4 months...
EN: The stock will likely hit the lower bullish trendline and possibly bounce back to hit the target of $ 48.00 in the coming weeks.
FR: Le titre va possiblement se buter à sa ligne de tendance inférieure haussière et possiblement rebondir pour aller atteindre la cible de 48.00$ dans les prochaines semaines.
Long with positive turn in macd, relative strength at support (will watch for improvement) and a break out of half a cup/resistance for a cup completion. Cup low would be my stop out for good risk/reward in my opinion.
