bad data today was release that cause the trend to reverse would be looking for the that 38.2% fib retrace to next area of supply, see if demand picks up there or it will fall further.
one of martin shkreli's old picks (aka pharma bro)
looks like it could be breaking up here look at the CS bo the cloud with volume and fisher support
manage your risk
gl hf
xoxo
snoop
If this supply zone can be taken out by bulls, buyers will be starting to take control as supply zones are starting to get destroyed and demand zones are being created.
If the trend does change, can start looking for long orders.
Sangamo Therapeutics, Inc. is a company that develops genomic therapies, using genome editing, gene therapy, gene regulation, and cell therapy. It's an interesting addition to your swing trading portfolio, specially now that it is ready to start trending up after being accumulated after enduring an extensive correction, now trading at a 40% discount from recent...
SGMO has stochastic divergence on channel line support. Look for this to turn up more before getting in.
Buy: 12.66
Target: 13.50 - 14.86 (6.64% - 17.38%)
Buying off the trend line from $4.25 - $4.35. Stop loss at $4.15. Target is resistance around $5.00. If it breaks and holds $5+, it may have enough gas to go higher.
Sorry, didn't put this up earlier but it's still valid.
SGMO has bearish divergence between 11/14 last year and 01/13 this year (white arrows on chart and RSI ). Also as usual, RSI shows signal for selling (overbought).
The price also happens to be at the downtrend channel resistance. The volume profile shows increased more seller-to-buyer ratio since 01/17....
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NASDAQ:SGMO
