Real nice upside here. I wouldve expected the retracement to go further but the wedge consolidation that is the D leg of the XABCD here appears to be broken, with divergence here.
As I get further in my trading course, I'm going back and identifying where I did good and what I messed up. Here's one lesson: get out when you have a confirmed trend reversal! I kept hoping it would be a short one, but you know what assuming does... As soon as the trend line turned into resistance, that's a confirmed reversal and where I should have sold my call...
A triangle is formed between converging support and resistance lines. A negative sloping resistance line indicates a reducing level of profit taking or more uncertainty about the value of the stock. Once the support or resistance line is broken, pressure that has built up as a result of uncertainty is released and a certain amount of momentum is added to the price...
I added more at $1.22. Look at that grind along the diagonal resistance/support line. When you were a kid, have you ever put a spoon down on the table and used it as a catapult machine? This is exactly what this set up
Has to hold $1.51 at the .236 fib and on the way up I want price to be able to maintain above $2.00. A gap needs filling near the 0.618 fib at $3.05 which is a 80% upside
We are playing this like it has a new bullish support / trend line. The recent volume is worth noticing and with the double bounce off the support lines for the momentum and rsi it's to enticing not to give it a shot..
Buy @ 0,8 with a stop loss of 0,55 and targets as resistance lines to scale back your positions
Pupm&Dump trading strategy idea. $PTE is rising too much without specific news 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 $1,54; stop-loss — $1,64; take-profit — $1,34; Do not view this idea as a recommendation for trading or...
“The Board of Directors is committed to maximizing shareholder value and believes the Company’s lead asset, SkinTE, offers tremendous benefits to patients suffering from debilitating wounds.” Just having fun folks, these guys look promising, and it appears we have found a floor
$PTE - Step by Step $1.24 - $1.80 - $2.35 - $2.51 - $2.89
Chart has projections. MACD bullish 0 cross RSI test and bounce up off 50 Rsi Past breakout point 1.15$ Target levels 1.5/ 1.7/ 2.2 $