CODX has now gained great bullish momentum for a breakout to the following targets. The Butterfly pattern is also indicating a new bullish trend to TP3 can take place.
Bullish Fundamental - Funds accumulating - Decent earnings - Positive PE - Positive P/FCF TA - Momentum theory valid - Momentum theory indicator - Price above high volume node Waiting for trigger
Hey folks, happy Thursday! I am currently on the weekly chart for CODX and it seems to be forming a long-term bull flag with an ABCDE correction pattern. The long position might take a few weeks to play out but it looks bullish long term wise.
Confluence within the fib levels and the trend lines. Descedning triangle gonna break down savagely like the rest of the market imminently. Will be bringing in my tomato plants.
CODX has been trading in a wedge since the top marked about 1.5 years ago. Last week's blowout earnings should act as a proper catalyst for this name to find its' way to the next liquidity zone, which is around 12-15$. A small gap can be found on lower timeframes around 10.40-10.50, which would be the first target for those looking for a more cautious play....
CODX has tested the 11 level up to 6 seperate times now. This is looking more poised for a breakout here up to the 11.75 level, where it will meet next level resistance.
CODX has previously broken out of the 9 range and ran up to 11. It has since pulled completely back to retest that prior resistance at 9, which is now support. It has retested and remounted back over the 9 range, showing that there may be another push to the mid 10 range.
Bullish MACD divergence, gap to fill at 12, closed over the 50ema for the first time since late march, and buy signals screaming reversals to double digits!
CODX is showing a consolidating within an ascending triangle, it looks like it is holding the moving averages and pushing upwards towards the flat top of range. Not sure if it can break out from here but it does look like it will test the 9.05-9.25 area within the next week
if neckline is broken = gap close in a short time.. act. slightly bullish
CODX is forming a pennant formation, where it has consolidated and is now looking on the bullish side. Its above all its moving averages as they are curling up underneath price nicely as support. The bottom side support is around 8.10 of the pennant pattern. Looking for this to push upward to a new layer of resistance around 9.8
CoDX put a low around 7 . First target $10 Retracement around $8.57 Then $13.45
Abnormal volume & undervalued 1 Year Price Target: $23.00 for a 180+/-% return About: Co-Diagnostics, Inc., a molecular diagnostics company, intends to manufacture and sell reagents used for diagnostic tests that function via the detection and/or analysis of nucleic acid molecules. It also intends to sell diagnostic equipment from other manufacturers as...
CODX is overexended to the downside piercing completely beneath the lower bollinger band. It is also oversold on stochastics showing less than 10. It's on its 5-6 consecutive red day. It got bought up this morning after being down -7% and went green on day briefly. I suspect buying power will come into play and push this back to average true range. There is...
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