03.25.2025 / 
SAVA #SAVA
Fundamentals. Closing the development of a drug for the treatment of Alzheimer's after another unsuccessful trial.
Technical analysis.
Daily chart: 4-month sideways movement after a downtrend. We makr the low of the sideways movement - 2.23
Premarket: Gap Down on moderate volume.
Trading session: There is a struggle for the level of 2.23. in the premarket and after the opening of the trading session. The price gets into a narrow trading range below the level of 2.23 after 2 unsuccessful attempts to hold above the level. We are considering a short trade if the level is held.
Trading scenario: #rebound from the level of 2.23
Entry: 2.18 when exit down from the trading range below the level
Stop: 2.24, we hide it behind the level
Exit: Close part of the position near the premarket low of 2.01. Close the rest of the position at 1.87 when volumes increase and a reversal candlestick pattern appears.
Risk Rewards: 1/4
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.
SAVA #SAVAFundamentals. Closing the development of a drug for the treatment of Alzheimer's after another unsuccessful trial.
Technical analysis.
Daily chart: 4-month sideways movement after a downtrend. We makr the low of the sideways movement - 2.23
Premarket: Gap Down on moderate volume.
Trading session: There is a struggle for the level of 2.23. in the premarket and after the opening of the trading session. The price gets into a narrow trading range below the level of 2.23 after 2 unsuccessful attempts to hold above the level. We are considering a short trade if the level is held.
Trading scenario: #rebound from the level of 2.23
Entry: 2.18 when exit down from the trading range below the level
Stop: 2.24, we hide it behind the level
Exit: Close part of the position near the premarket low of 2.01. Close the rest of the position at 1.87 when volumes increase and a reversal candlestick pattern appears.
Risk Rewards: 1/4
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.
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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.
Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
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.