I enter long as long term investment in CRISPR/Cas9 technology.
There is still a patent battle going on, thats why there is the big dump in the chart.
Buying here feels like catching the knife, so buying slowly over time.
- A rather risky bet!!
- downward trend over the past weeks/months
- long upper shadow ended the way
- Price closed below slow ema
+ break-out bar with very high volume
+ fast ema is piercing through the body of the break-out bar
+ significant lower shadow
- trend intensity is bearish
+ doji reversal bar on the day prior
It might be worth trailing for a short at some point into lockup expiration next month ..EPS -85 mil..I'm interested in how this range resolves here.. IPO was at $!6 now around $24.50 so theres room..11% float short...could be a little better but I've seen worse....would prefer 5% but whatever-would of been sweet at $43..position don't predict..imagine different...
Large Ascending triangle on EDIT is bullish. So far the slanted white line has been acting as support. If this continues to be support price will eventually break through previous ATH of $44
