DNA Ginkgo Bioworks: H&S Possible?
Quick Analysis on Ginkgo Bioworks Holdings, Inc. (DNA) on a 4H Linear Chart. This is an Ark Invest (Cathie Wood) portfolio name.
1) The stock price for DNA looks to be potentially forming a Head and Shoulders Pattern with the current Right Shoulder formation in process.
2) The Right Shoulder price target would be around $12-$12.25 using the Volume Profile (VPVR) where there is a cluster of tradable volume.
3) The RSI (relative strength index) has room to still go up to help the price increase.
4) The Volume recently came in.
5) If prices goes back down to the bottom trendline with Sell Volume support, the Head and Shoulders Pattern could be confirmed.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
1) The stock price for DNA looks to be potentially forming a Head and Shoulders Pattern with the current Right Shoulder formation in process.
2) The Right Shoulder price target would be around $12-$12.25 using the Volume Profile (VPVR) where there is a cluster of tradable volume.
3) The RSI (relative strength index) has room to still go up to help the price increase.
4) The Volume recently came in.
5) If prices goes back down to the bottom trendline with Sell Volume support, the Head and Shoulders Pattern could be confirmed.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Related publications
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.