Contextual immersion trading strategy idea.
Summit Therapeutics Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines to treat infectious diseases in the United States, Latin America, and Europe.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the...
I bought this asset yesterday - not quite perfect cup and handle, but really nice looking.
Now approaching 10 week average.
Fundamentals looking great.
+250% growth in rev YoY
EPS YTY from (0.40) to 0.12
I see big potential in this one.
This is no trading advice - just an idea I'd like to share with you.
An easy win above 2.87 SMMT is gaining speed and with a positive catalyst and traction will continue strong. Like many of these stocks in this setup, we are seeing high loading volume with an increased potential for a breakout as the price increases.
Fibonacci gives me an idea of how this stock will behave. Along with the Volume MA and other indicator such us the bottom plots, I believe this stock is forecasted to go down for a few days before it goes back up. Wait for future indicators and to be below 10.3$ to enter (if you want to be conservative). Also, keep an eye open for news. This stock is fairly new...