Been eyeing this one for a few months. Finally news is here and price is down.
Time to buy!!!
Posted 2 likely scenarios entering into End of March with this.
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FLGT caught shareholders buy surprise when it dropped 20% from 135 level down to 105. Today at early hours of the day it went down to 90 level. A pull back in FLGT was anticipated due to following reasons: For one there is a rotational movement out of Health Care and Tech sectors and there is a net movement into Energy and Financial sector. Not mention the market...
Credit Suiss said 8/01 it's fair price is 42, not 40.
Oppenheimer responded today with rising estimate to 130 from 75.
Everybody can see the result on the chart.
Company is doing great business in tests. Moderna did similarly with vaccine.
If the correction pattern will look more or less the same, 80 could become a solid support now.
Shorting that kind of paper...
We see at points 123 that after every hot drop, we experience a bullish momentum. This is caused by the big boys who are waiting for a dip to get in. Now at point 4, we see a nice dip. I want to join the big boys and buy this one. Comment what you think below. Don't forget to click the like if you do. Thank you.
HOLD Gained 38.42% since buy; Raised stop to 53.95 from break even; Stock appears to be setting up or rolling over into stage 3 ; Break out price 74.83; placed alert at 74.74 to consider adding to position. Sold 1/2 on
Fulgent Genetics, Inc. is a technology company. The Company offers genetic testing to provide physicians with clinically actionable...
What a day, huh? The markets responded positively to the Inauguration but FLGT fell about 10% (13% but it then recovered some). Seems like it is time for a pause for this stock after a long and healthy rally.
There is bearish divergence between price and rsi (also on the daily, obviously).
We can see that FLGT has been riding the 14/21emas...
This is a signal that FLGT's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked back and found 31 similar cases where FLGT's RSI Indicator left the overbought zone, and in 29 of them led to a successful outcome. Odds of Success: 90%. Current price $71.00 is above...
Genetics could be the technology of tomorrow. Using genetic sequencing, scientists have been able to make new medications for diseases that work very effectively. They have also been able to use genetics to study how certain diseases impact people. This stock has the potential to rise much more. Target the $130-$150 zone.
I think Fulgent Genetics is extremely cheap and institutional investors are just barely starting to take notice. The near term catalysts for massive upside are already in play and not priced into the stock.
The Bull Market is strong, the end of 2020 saw many growth names pull in or consolidate which gives a better reward to risk entry. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 34 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them....
Seems to have reached high resistance zone. Possible retracement as high volume on last doji candle may signify exhaustion. May not go below last lower high. But, better to wait for breakout above 55 to go long.
2ND TIME ENTERING THIS TRADE ; FIRST ENTRY TOO EARLY.
Technology company, genetic testing & next gen sequencing solutions.
FLGT Crossing 47.83 ALERT
STAGE 2/ 34 WK / 1.9% RES/ 36.6% MA
VCP 20W/ 50-11%/ 4T
NEXT EARNING FEB '21
12/29/2020 Held price on overall down day in the Russell 2000... Large volume with near...
Price about to break the ascending triangle.
1. Break imminent
2. More range bound within the triangle and then break
My targets for 1 and 2 are 75 (the triangle target) and then 100 (Fibo extension).
Im not too optimistic on this one since what I see is on a daily, but not a 4 hour chart. Let's see how it plays out. I want to see if using the A/D would be as effective in this case on a daily with fewer days as opposed to more days to see the signal.