Try to buy historical low
Downtrend Wedge near breakout
WR>-80 (my scripts: Williams %R two lines)
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Hi Guys, I want to show my point of view on ICPT stock, if the actual trend is supported with Volume I think the most conservative target is 60$ because it would try to close the gap, if we want to see it more long term, let's say for the next year a target of 100$ dollars could be reasonable.This Is a small market cap stock so this big movements are very likely...
What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
*A short squeeze accelerates a stock's price rise
A symmetrical triangle is noted. S Triangle is a period of consolidation and is often a continuation of prior trend. The prior trend is down. There is no way that I would try and guess which way it will break right now. Short interest over 19%
While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation...
ICPT is a perfect example. The chart was "nuked" before the open to multi-year low. It is not the best way to trade stocks however if you really want to buy ICPT on the cheap, wait until the 3rd day, near the close.....if there is a 'sign' then.
This is a Bullish indicator signaling ICPT's price could rise from here. Traders may explore going long the stock or buying call options. I identified 43 similar cases where ICPT's MACD histogram became positive, and 35 of them led to successful outcomes. Odds of Success: 81%.