Stock presents a bullish technical scenario. REASONS
-breaking the bearish downtrend maintained since March 2018.
-Bullish divergence
-Inverted Head & Shoulders on smaller TF
We could see the price heading to close the GAP in the 58's region.
Is the backtest complete on the weekly ? We had formed a nice and tight descending wedge on smaller time frames. Breaking out today....is this the start to the bigger move ? Such a pretty pattern on the weekly and monthly time frames. Volume is still a little light though. We need a big bump in volume to get the party started.
#BLUE is a candidate I've been watching for weeks.
Bluebird bio is bio tech company that develops therapeutics for genetic diseases and cancer treatment.
I posted this one originally on the 19th. My personal target will be 113.47 but we could ultimately see $137-163 beyond that in time. First target id expect to see is 72.37 if it ends up playing out.
The...
BLUEBIRD BIO:
-Declining sell volume
-Wavetrend indicator suggesting upside
-Struggling with the 21EMA on the weekly Timeframe
ENTRY:
Aggressive
-Laddering in your orders within the current area
Conservative:
-Wait for a weekly close above the 21EMA
I can't decide which is prettier...this BLUE setup or OGI. We have a dragon pattern breakout....double bottom. January was basically a backtest of breakout. Mac D histogram is waning and we're about to go positive...which has not been positive since 2018 !!!! Huge potential in this setup !!! 50 % and 61.8 % retrace targets are 136 and 159 respectively !!! if...
good dip entry here, but we could see a little bit more downside until we find the bottom, in my opinion the bottom will be around 30-35 then we can see a test of the downtrend line after that, and obviously even higher if it breaks. leap calls if thats an option. be paytient ;) leave a like/follow if you enjoy ideas <3
Longterm trade - With Covid slowly fading and schools getting back to normal, Biden Admiinsteration, and electric buses, Bird right now is one of the major Bus manufacturers that are already manufacturing electric buses and selling them. Both fundemental and technical analysis.
