$ This looks like a real nice cup and handle developing; let's hope it works itself out and breaks for us $
Usually confirmation would be 9.30 (crossing the cup line), but since the handle is a perfect bull flag...well make your own call; this isn't financial advice. Realize this is a weekly chart and a swing trade may mean a somewhat long hold ..... careful careful :)
Found TGTX shortly after it was upgraded to a "Buy" rating. Realized its potential after reading an article covering it's upcoming catalysts, which all appeared to hold strong upside potential. The delta between the close and 1-year target estimate justified the risk (gotta trust your analysts). WL'ed for a few days, as it was nearing a bullish setup (SMA: 20, 50,...
If the 100 ema holds as resistance and price start to turns. Place sell below a red candle that is touching buy/sell zone. Targets are Fib levels. Stop loss will be above the last swing-high after entry
Just a short swing trade idea (all technical no fundamentals)
TGTX is trading in a range, at this moment is in the resistance with a Shooting Star. Nice opportunity to go short, taking in mind that this range normally breaks the Resistance more than the Support.