I think we will see a sharp move this month. From reading the chart alone I am wagering it's going to be a bullish move... even though the fundamentals of the company are up for debate.
That's what happened. Market makers pump up the share price in the premarket or in the after hours, then short it at artificially inflated prices to everybody in the morning. Think of it like an investment. You buy $2 million worth of stock for, let's say $25.00, then sell $20 million worth of stock for $26; then you cover when the price tanks in the...
Bullish view on Clovis Oncology as it breaks $30 price resistance. CLVS jumped 13% last Wednesday as sales of its Rubraca drug used to treat ovarian cancer patients went up 33% compared to previous quarter.
Momentum stock picks for next 20 days similar to NIO and ROKU 17% - 40% moves BBY CLVS CRM INSP STNE AMRN ACAD MNK CRC HZNP MDCO BOX ZUO TME MTDR See recent real trades idea: www.thetechnicaltraders.com
A few thoughts on CLVS. May not pan out, but this is a bullish scenario. Reasons the bull scenario could play out from a technical standpoint: 1. Move up to $99 was a clear 5 waves. It looks to have recently completed the ABC correction into a perfect golden pocket 61.8 to 65% retracement. 2. Wave C was an ending diagonal. CLVS has broken out of the diagonal...
It looks like an inverse Head and Shoulder Pattern has formed on CLVS. I will be watching for a break above $59 before a long entry
Cup and handle formation in the daily time frame, I realize I am late in identifying it but I am just practicing spotting patterns, would have been nice to spot about a week ago :-(
CLVS at resistance, possible bearish swing trade, will be watching closely for a reversal
CLVS recently broke above the 200 SMA and is stair stepping higher on big volume
Big recovery moves when it hits the bottom trend line last two times, about to do the same a third time. Probably a coincidence, but both of the previous take downs were followed by some good news. It wouldn't be too surprising if someone out there knows something we don't and is trying to shake out weak hands to get cheap shares. Expecting this to be $90+...