SGMO is forming a double bottom and could break out. RSI is oversold
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%)
Sangamo Daily Chart. Weekly Looking good NASDAQ:SGMO
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.
*Fractal extrapolation from 2008-09 cycle *Ideal entry @ 4 handle area. Stop one handle *Pipeline promising, despite overall in early stages
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....