Not much to say about this one other than it is not the first time it attempts to run. Preferably I would like to see a large move up in the previous month and a consolidation with a shakeout followed by tightening prior to a breakout. But we don't live in a perfect world & this account is for building a database of trades with the goal of building an edge in...
The stock has broken out of a range that has lasted for 18 months like many other assets that fell in april 2022 it is now rising out of that range with targets set on areas previous to that dump
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 9.2/61.80%
This has been on fire since the company's interim phase 2 results for an experimental spinal muscular atrophy drug. This price is highly speculative and a constant moving target, so it will have great amplitude throughout the day, while the volume lasts. Nice technical setup. 1 Wait for the correction 2 go and 3 repeat. The whole day long. This is a 100 trade...
Institutions have gathered volume and a break to the upside is probable with sufficient reward to risk and entry was given earlier in the week upon the previous inside bar breaking up. Long term outlook can aim to complete harmonic pattern around $27
If you paid attention to the first chart, you should be in profit.
This company made a really bold move and added $3 million dollars worth of shares to the supply AND selling them at 15% of what the closing price was at the time. Obviously, this resulted in a very big drop. However,vif their investment pays off, overtime, there is no reason this stock shouldn't steadily rise back to it's common price. Unless we get a REALLY bad...