$FENC: Short setup$FENC has a nice short signal, the stock had a spectacular rally since it bottomed in early 2022, but could be reaching the end of the road here after drastically outperforming the market until now. Their drug received FDA approval in Sep 2022, commercial availability in the US in Oct 2022, but despite this, the latest report showed an increase in net loss YoY (twice as much as reported on Q3 2021). Seems like a decent short here, after this impressive run. Stop @ 9.95, support @ 8.
Best of luck!
Cheers,
Ivan Labrie.
Keyhiddenlevel
BTCCNY: Good dip to buy up to 80% account with no leverageWe have a nice chance to enter longs here with a tight stop loss. We can jump in right now, or wait for a few hours if more conservative. Stop loss is 5145.08, if we go below it, we might get a correction in weekly scale, so ideally, we stay above it.
Timing the entry would help with getting in and seeing profits instantly. If you jump in now, although price is low, and at support, it might go in the red briefly, so, it would be easier to wait and go long by 6pm my time, GMT-3 to be safe.
Good luck, and either trade with no leverage, only holding up to 80% account in BTC, or risk no more than 3% per trade.
Cheers,
Ivan Labrie.