Big moves again in another pharmaceutical company.... COVID-19 seems to be hot again and is making its way back into media and of course vaccines.... #TRADESAFE #InvestSmart NASDAQ:RIGL
Uptrend Line with Resistance line with Positive MACD histogram. Possible Breakout for the upside.
Two big red candles, double top = selling pressure to the upside, is everyone out yet that wants to be out? that is the question. Short here with 1 ATR stop and a 20% target to the down side.
Breakout about the 100 day VWMA and CCI is crawling out of the hole, another rush upwards is in the works. To what point is anyone's guess. Personally not going to buy in unless it has a nice pullback toward the 2.00 level. Best to play this like anything else - with patience and discipline.
To me this seems like a pretty sweet bullish set-up. I like the price, and velocity, while the momentum is trending above 0. I see a pretty obvious Adam/Eve reversal pattern. We are in the correct zone with RSI on fire above 50+ to break loose. Would you trade this? NASDAQ:RIGL
RIGL - Text message alert today that it looked good at $3.11
Somewhat speculative but there is a high supply zone above so RR looking good.
Ticker - $RIGL Date - 10/2 Entry - 3.22 Target - 3.40 - 3.60 Exit - 3.15 W/L Ratio - 5%-11% WIN / 3% LOSS Note - Enter trade on the pull back Play save take the quick buck on first target
From what I have learned, the Triangle is a continuation pattern, in this case, a sign to short the market. You can look at it this way: the bulls are trying to escape the triangle to the top, but the bears are in control and push them back to the bottom. Then the bulls try again, but some bulls became bears in the mean time, and so the bears are getting...
$RIGL descending triangle 1hr chart Pattern will be confirmed with a drop below $2.72/share
RIGL has been rallying since February and is near a consistent support line and could rally from here. RSI and PPO are near past support levels. Price has been seeing support near the 25 day MA and today its low was only 2 cents below it and it closed 11 cents above it. The trendline it is near is also the 2/3 line.PPO often goes a little below its MA before...
RIGL broke out of a downward channel, and now seems forming a flag formation. In hourly chart it seems forming a pennant formation. In breakout of both bullish setup it can go $3.13 & higher * Trade Criteria * Date first found- March 2, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $0.93 Exit Target Criteria- $3.13 & higher Stop Loss...
enter only on positive short term candle after big day-stop loss bottom of candle should not fill gap-use limits-diversify -chat room coming soon may have profit taking in morning
This ranks up there as one of the more ridiculous covered calls I've done. I say "ridiculous" because I'm selling the short call right at where current price is and dramatically reducing my cost basis at the same time (the share price line is depicted at 2.40 so that the stock price line/short call line don't overlap). Metrics: Buy 100 shares RIGL at 2.51 Sell...