HTGM Long play:
-Broken recent down trend
-Daily RSI made a double bottom below 30 but re entered above
-Companies financials are muchh better than in 2017 when the stock peaked at $12
-Very good analyst ratings and average $5.80 as seen on finance.yahoo.com
-Good Risk:Reward (risking 10% to make a possible 60%)
-Interesting Data Analysis Company
This is purely a technical play. Support was established twice - first on the 24th, and also on the 31st. Activity has been dry for some time, with volatility decreased significantly relative to earlier this year. Accumulation occurred at that support on those two days, as you can see with the bollinger bands, with both days having measurably increased volume. ...
HTGM looks a very speculative type of Day trade opportunity. It had quite few surge previously & this time also had a massive run with huge volume. We think it can continue its run up-to $4.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Day trade Flag Setup (Very High risk trade)
Entry Target Criteria- Watch for a breakout
Exit Target...
HTG Molecular Diagnostics, Inc. is a commercial-stage company that develops and markets a technology platform to facilitate the routine use of complex molecular profiling. The Company's HTG Edge and HTG EdgeSeq platforms, consisting of instrumentation, consumables and software analytics, are used in sample profiling applications, including tumor profiling, molecular diagnostic testing and biomarker development. The Company's HTG Edge and HTG EdgeSeq platforms automate the molecular profiling of genes and gene activity using its nuclease protection chemistry on a range of biological samples. The Company's HTG EdgeSeq chemistry, together with its HTG Edge or HTG EdgeSeq instrumentation and software, automates and adapts its nuclease protection chemistry to enable analysis using next generation sequencing (NGS) instrumentation. The HTG EdgeSeq system utilizes substantially the same sample preparation reagents as its original chemistry, but allows for read out on an NGS instrument.
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HTGM
