$SRPT Long before earnings. Hammer at support + possible double bottom. Daily chart.
oscillators are done way oversold. we had an impulse move from the March low. A pennant about to breakout. MACD and Stoch overturning. Short term price target of $110.
Buying after a heavy sell off due to disappointing trial results Oversold (as per the chat the stock reacts strongly to being oversold) PPMO data expected in 2Q21 could prove a huge catalyst for shares to go higher Also - the company is posting strong sales growth (+40% this year) and peak sales estimates are over double current sales of some treatments...
This should in time fill the gap of $80 odd.. guna ride this wave back up..
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Huge fall after bad news on a trial. weekly support at 78.06 Just an observation.. The bottom is not always the bottom though )o: and may be a long trip back up
We have an inverted H&S here on the monthly time frame above a major level representing all time highs in year 2000. That is very bullish on a long term basis. Some people have asked in the past if inverted H&S patterns are only reversal patterns. I've spoken to Peter Brandt (my mentor in classical charting principles) about this several times - according to...