On the above 6-day chart price action has corrected 75% since the sell signal back in November 2020. A number of reasons now exist to be long, including:
1) Double ‘incredible buy’ signals. Awesome.
2) Price action and RSI resistance breakouts.
3) Price action is arrested by past support / resistance.
4) Regular bullish divergence following capitulation....
Short (Entry Price) within the sell zone area and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $68.33 / $70.99
Target Price: $65.60 / $69.04
Stop Loss: $72.94
10x Genomics, Inc., a life science technology company, develops and sells instruments, consumables, and software for analyzing biological systems in North America, Europe, the Middle East, Africa, China, and the Asia Pacific. The company provides chromium and chromium connect instruments, microfluidic chips, slides, reagents, and other consumables products. Its...
Long TXG 2,000 shares and 51 $110 Feb 18th calls. There has been some interesting call option activity on TXG as of last week 1/25/2022 someone purchased 600 Feb 18, 2022 $110 calls and 600 Feb 18, 2022 $120 calls and paid approximately $400k for these call options for a stock with little option activity I find this intriguing. I believe the EW correction is...
$TXG working on a well defined double bottom base.
2 things grabbed my attention that made me pause while flipping through charts:
* Vol dry up while rounding up that 2nd bottom
* Pretty much pocket pivot after pocket pivot through out the rally from 2nd bottom(aggressive buying)
this ticker has been range bound for around 10 months! will most likely get rejected off this big resistance area at 200.. And even if it breaks out the average volume is under 1 million... so i doubt the breakout would hold for long! traders usually look for higher volume stocks 2-5 million+ or more on average. always keep the volume of the stock in mind when...
Although I didn't identify an LDC on the 5 min, I resorted to using XLV to time an entry. Never rely solely on one chart to make projections get a feel of where the overall market is heading.
The count shows the price is testing an important fib level of 0.382 as the price is approaching its wave 4. Area $144 / $147 to be double-checked for a possible rebound.
Short interest is low on this one/NV and OBV are high
You may calculate long entry level on the ABC differently than I did so your targets would be different as well
Some may place A at the prior handle low, which would increase your targets because the AB leg would be longer
I was gonna use 136, but saw resistance in the ABC pattern at that level so made it...
