Here we see a test of an absorbtion. The test is were 4 lines come together. One of them is an ice line and the line were bearish absorption ttok place and was absorbed by bulls. This one is very very bullish. It can take time, but it will go up very fast. This is more likely. But be careful, if the channel is left to the downside, it will we the oposite, so...
NASDAQ:ARCT might rhyme its path in '19-'20 yrs Now ARCT accumulating its power to the rapid jump in the middle of 2024. Be aware, there was a drawdown in the end of '20's accumulation.
NASDAQ:ARCT prices gapped up on strong volume (10x the average) during the previous earnings before moving up to the $28 resistance level. The $28 price level served as resistance previously back during feb and april of last year so it was not surprising to see prices encountered resistance at that level. Prices moved sideways more or less at the top right side...
ARCT has been holding steady at a solid support level and it’s primed and ready to make a run for it. There’s an inverse head and shoulders pattern that is showing flashes of a reversal. The green candle close above this channel is also confirming a breakout. Finally, we also have a strong bullish divergence indicating that ARCT is going to break out of its...
Good company with new technology - Seems like we finally have hit the floor, now ready for a bullish move to the upside.
I will be shorting Arcturus Therapeutics to a range of $10-$12, and exit there.
Arcturus Therapeutics Holdings Inc. $ARCT is set to be EBITDA positive in 2022 with a massive change in its revenue from 24.05M in 2021 to 326.44M in 2022. This is 12.57x increase in revenue. These numbers are estimates, but even with a large error margin we should see a drastic change in the price. Moreover, the decline from ATH was 80% and the price has been in...
final charted thesis with considerable help from Wyckoff specialist @WyckoffOnCrypto
I have been trying to identify and study the Wyckoff patterns ever since the pattern became recognized in the recent bitcoin distribution and accumulation phases. i believe i see accumulation in $ARCT, which is a biotech with mRNA vaccines and treatments. The stock is lower float, heavily shorted, and with current issues surrounding Covid-19, a potential runner....
Monthly candle right around historical S+R, a monthly and or weekly close above $34.50 takes ARCT to $44ish. Could be fire
Backtest + clean bounce off last year's gap up breakout. Oversold and ready for reversal, very fire