Just like TXMD, I like Lexicon too. BB is an indicator that even though I don't rely on, but together with RSI -and some other factors and market conditions- it's not a bad idea to consider looking at it. The vertical lines represent the buy and sell moments on this chart, please note where the price was at those points on the Bollinger Band and what value we saw...
NASDAQ:LXRX Possible Scenario: LONG Evidence: Price Action, Momentum TP1: 4.40$ TP2: 4.80$ TP3: 5.80 Call options, Strike 5$, 01/21/2022 Call options, Strike 4$, 09/17/2021 *This is my idea and could be wrong 100%.
Possibility to gain again? It looks like it want to crawl up on a support line (green). I've packed bags here a little. Indicators are almost reversed to bullish. But it still can go lower if it breaks the support line. Remember to have a stop loss below the support line. There is a big gap below 5.60. There also could happen a bear trap, quick fall and then...
I can see a wave count Wave has clean wave 3 up Followed by a rather not flat but a retrace zig-zag type wave 4 down If the price goes above the box, I will buy it at the marked location
Possible Buy Setup on #LXRX I can see a Wave 3 and 4 This could lead to a new wave 5 Entry: $7.70 First Target: $8.80 If achieved close half and move SL to Breakeven
Daily Chart Analysis: This stock is coming off a lengthy distribution phase between 5.99 – 20.00 which lasted around 3580 days. The price then made it downwards move and found a support @ around 1.18. Over the past 530 days, the price was in an accumulation phase between 1.18 – 4.15 and after the occurrence of a Golden Cross, a sharp breakout move upwards of 121%...
As you can see this logarithmic chart shows a possible breakout. Volume is good and the volatility has increased.
entry price : 8.50 after the breakout (hope there will be volume too) target : 11.5 (32% profit )
•MY Technical Analysis!! Please read it even though it's long. I am sort of new to TA. Please let me know if there are parts that are useless or suck😂 (Looking at the 14th and 15th on a 30 min time frame) -held the 25 ema even during the 15th dip, held the 20 ema all but 1 hour, it then popped up to hold all EMA's. -the last 30 minute volume on the 15th was...
Pupm&Dump trading strategy idea. $LXRX is rising without clear preconditions today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $4,45; stop-loss — $5,04; take-profit — $3,86; Do not view this idea as a recommendation for trading or...
Pupm&Dump trading strategy idea. $LXRX is rising without clear preconditions today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $2,50; stop-loss — $2,84; take-profit — $2,16; Do not view this idea as a recommendation for trading or...
Looking for a break (false break?) of crucial $1.70 support and in return expecting to see some opportunities arise for this cheap stock
Movements depend on corporate news but when good new is announced it has hge upside potential. Traders might play the technical break out too. However you may just have to sit on it for a while you never know when biotechs are going to pop but the wait is worth it when they do.