(e) of (Y) could go further down. Also (Y) could be in some kind of ABC stucture. *Not an advice.
Looks like all set for the next wave up. Already see similar patterns in other genomics stocks.
PACB is finishing wave 3 and is on its last leg (wave 5 in this wave 3). Wave 3 is generally 1.618 the length of wave 1, which puts the target at around 140 dollars over the next several months. This is a great investment for the long term as well since it will likely have more upside in the years to come in the form of wave 5 and has tailwinds from gene editing...
PACB is a real chance for mid and long term investment. Follow the analysis if you want to find out the details. Stock's trend is clearly up. There are still two large up going waves to complete the whole Elliott wave cycle.Wave count labels have been shown on the chart. Correction (wave 4 ) of labeled up going wave 3 ( from 2.2 to 53.69 !) has more than likely...
PACB is continuing to make higher highs and higher lows. 50 MA acting as resistance. A clean break above the 50 will be my entry point. Looking for PACB to make an explosive move as we get closer to the apex of the triangle. PT $35-$38 in 4-5 weeks. Using trendline as stop loss.
Can buy this above 32.50. That should confirm that we are getting in Wave 3.
Bear Case- Breaking 22, we would see 15. Bull Case - Only when we start trading above 35.
SHORT SHORT SHORT into oblivion $25 puts
Based on idea below: Should fill gap at 40 and proceed. Exit at 60.
An ARKG favorite, this briefly touched the 9 EMA and is going back up on strong buying volume. Yesterday was a gift from the gods of an entry point and a long hold for those who are in it to win it in a game-changing technology in a huge growth sector.
Last higher low coincides with 20 SMA - which I think can act as safer stop-loss