After having losing half of their value in 2019 and dropping to at a buck per share yesterday … the stock spike up close to 3 bucks on Feds Promise stimulus Package Bill … Are you a Buyer of that Stock ?
I think so. SIEN is still chugging along in its very well defines channel and had a nice day today up 5%. With tax loss selling behind it, I expect the $10.17 impulse leg rally target to hit fairly soon. Need decisive move out of channel to get there. Plastic surgery is becoming more pervasive by the year. Long and staying long until something changes my outlook.
SIEN is still making its rounds in the upper-half of the uptrend channel. Holding above the initial FIB correction and prior peaks that started new up leg. This is probably a name that has some year end tax loss selling but after the selling subsides I think the path of least resistance is up. Be patient!
I have been following SIEN for some time now. They are one of the three players in the breast augmentation business and they have filled gaps where their competitors Mentor and Allergan have lacked (in terms of sizing). The stock has been working on building a base to take out the spike it has last month. I think this one could go much higher in 2020. Long...
Still looks overbought after the breakout of the ascending channel. Needs to do some work in the upper channel and I suspect that $7.50 or so should be a nice entry point. Again, another stock I like for a buy and hold. Boob jobs are the rage and this company has filled the size gaps where Mentor and Allergan have been deficient. Business was up big this year...
Taking a broader perspective on this chart. I love the pattern that is developing as the stock appears to have started a new bull market. Need some more work in this $9 area. I expect good things out of this stock in 2020 and the upside targets of $16 and $26 appear very doable.
Well this name is over $8 premarket and looks like the day we were looking for when I posted a couple days ago. Should see some volume with this move. Nice move off the bottom and appears to be under accumulation. Company working on cost cutting and other measures. Like this as a long term hold but its volatile and can be traded as well.
I've been watching this name for some time and still believe that this is working on a base to push higher. Looking for a big volume day that pushes it squarely into upper channel and works to take out $7.69. Watchlist item.
If SIEN crosses the downtrend the next test will be crossing the 50 day MA. if that happens we might have an up break. Am i going to wait to find out? I have a 10% gain that might be erased if the same volatility continues.. let me know your thoughts..