ISR on monthly resistance; if broken, next resistance is 40% up
Updated
Good evening my devoted padawans. If you don't know about ISR, I will spare you my summary and give you Wikipedia's:
"Isoray Inc. is a national isotope-based medical company and the sole producer of Cesium brachytherapy sources, which are expanding brachytherapy treatments for difficult to treat cancers. Isoray is a registered manufacturer with the FDA and holds multiple 510 clearances for brachytherapy devices."
They soared this past month after receiving FDA approval for one of their cancer treatments. More here if you want: bit.ly/35zoWXR
The stock is now heading against monthly resistance (yellow arrows) that has been a strong wall for ISR. Perhaps the positive momentum can propel ISR higher but that is pure speculation although all monthly indicators on the chart show bullish momentum after the stock soaring and that volume bar is definitely not passing unnoticed. As you can see, there is very little historical resistance on the upside. If the current one is broken the next one is 40% up, the second is about 78% up, and the third about 110% up. The price can obviously fall from here and look for support on previous low levels.
This stock costs less than $2 so this can be a dangerous play but it can also be very lucrative if it pans out. I am buying into this one very slowly with hopes of making a quick buck if it goes up. If it goes down to the $0.9-$1 level I would add a little more and wait. If you decide to enter a trade here, use a very small portion of your portfolio and exit as soon as you have some decent profit (unless you want to stay for the long term). Remember: do what fits your trading/investing style. This is just what I am doing, not financial advising. If you don't trade it, at least you can keep it on your radar.
Safe trades!
Share the love:
If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
"Isoray Inc. is a national isotope-based medical company and the sole producer of Cesium brachytherapy sources, which are expanding brachytherapy treatments for difficult to treat cancers. Isoray is a registered manufacturer with the FDA and holds multiple 510 clearances for brachytherapy devices."
They soared this past month after receiving FDA approval for one of their cancer treatments. More here if you want: bit.ly/35zoWXR
The stock is now heading against monthly resistance (yellow arrows) that has been a strong wall for ISR. Perhaps the positive momentum can propel ISR higher but that is pure speculation although all monthly indicators on the chart show bullish momentum after the stock soaring and that volume bar is definitely not passing unnoticed. As you can see, there is very little historical resistance on the upside. If the current one is broken the next one is 40% up, the second is about 78% up, and the third about 110% up. The price can obviously fall from here and look for support on previous low levels.
This stock costs less than $2 so this can be a dangerous play but it can also be very lucrative if it pans out. I am buying into this one very slowly with hopes of making a quick buck if it goes up. If it goes down to the $0.9-$1 level I would add a little more and wait. If you decide to enter a trade here, use a very small portion of your portfolio and exit as soon as you have some decent profit (unless you want to stay for the long term). Remember: do what fits your trading/investing style. This is just what I am doing, not financial advising. If you don't trade it, at least you can keep it on your radar.
Safe trades!
Share the love:
If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Note
Up 15% this morning:Note
Closed 75% of my position for 20% profit.Note
I bought a few more shares here. Seems like this support is holding:Note
Up 110% this morning. Sold some shares.Note
Note
Waiting on the emas support or price support to jump back in:
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