Watching for a break above $14.75. nice base consolidation here. Former runner. Ascending wedge pattern. 10, 20 and 50 EMA forming a nice floor for a stop loss. See if it holds $14 or not. No position yet.
Risk: biotechs normally I avoid, but this has a nice pattern. Also on guard for any overall market weakness which will probably negate this as a potential trade for the future.
Risk: biotechs normally I avoid, but this has a nice pattern. Also on guard for any overall market weakness which will probably negate this as a potential trade for the future.
Trade active
Entry -$15.46 GTC Stop = $13.31 (more than 10% due to swing low)
small share size
Trade active
Update: Stop to $16.03, trailing with 10 day lowTrade active
If this has another green day, I will add shares, moving averages look good and rising. Wedging right now.Note
Adding more. Looking so good!! Stop will be 10 day low.Trade active
Trailing stop 10 day low, currently $16.88. Beautiful!Trade active
Stop to $17.49Trade active
Trailing stop from here on out (10 day low), position to close itself. thanks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.