I have a strong feeling... (EDSA)Hello everybody and happy new year! ❤
Major retest of breaking 6-7 years of channel Resistance. The retest after a very strong impulsive move out of the channel is forming a falling wedge with very tight price consolidation. Another plus about this stock is that it has a very low float. I like accumulation here, maybe one more chance at 3.56
I'm extremely bullish on this and see a lot of correlation with a lot of other low float biotech / pharmaceutical stocks.
My thoughts on a very long term swing trade,
See you at the top 🚀
EDSA
EDSA dip buy opportunity! close to 100% retracementYesterday they knocked EDSA out of the ball park to $19! today it is close to where it started from two days prior. Great opportunity for a possible final boss round (Phase 3). Very good phase 3 results often 10x a company's stock price. EDSA is currently phase 1 and phase 2.
COVID news had EDSA gap up to $19 and as long as COVID is front and center stage, anything having to do with the virus will do well in this market.
Can This Keep Going?Hey there Trader's! This stock exploded today with huge volatility, and made an impressive 45% gain today . I'll be watching this tomorrow for possible continuation, looking for break and re-test of the important level of 7.90 , I've set my alert! I didn't see any see any news that was released today. If your holding stock, definitely watch 5.71 as a break and re-test off that level going bearish would signal a break in the current structure, good to keep that in mind! Goodluck to everyone! If this information helped you at all, please be sure to LIKE and FOLLOW me here on tradingview for more stock picks! Tyler, Out!