$TGTX - Pullback and consolidation
Updated
Top trading idea for next week(s)!
TGTX already proved itself with a strong performance YTD of 125% (and 580% in a year).
The stock is in a clear stage 2 uptrend and is now consolidating in between the 21 day MA and 50 day EMA on lower volume (check weekly chart).
Has the fundamentals.
A few more days of tight consolidation or a quick retest of the 50 EMA would make it even a better setup and creates a launchpad.
Entry would be around 28.27
Stop breach of the 50 on high volume or a tight stop low of the day (when it breaks the pivot).
Enjoy next week!
Other similar ideas:
SKX, 
WING and 
ARCT
TGTX already proved itself with a strong performance YTD of 125% (and 580% in a year).The stock is in a clear stage 2 uptrend and is now consolidating in between the 21 day MA and 50 day EMA on lower volume (check weekly chart).
Has the fundamentals.
A few more days of tight consolidation or a quick retest of the 50 EMA would make it even a better setup and creates a launchpad.
Entry would be around 28.27
Stop breach of the 50 on high volume or a tight stop low of the day (when it breaks the pivot).
Enjoy next week!
Other similar ideas:
SKX, WING and ARCTTrade active
We breached the pivot point yesterday on good volume. LOD could be the stop loss, looking for continuation or retest of the pivot level.Trade active
For the moment found support on de 50sma, still trading on low volume...
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