$LAKE is finally pulling back a bit now getting towards support in a big way. Price is falling quite hard so by no means am I interested in the first approach (unless extremely strong) but, if there is a pandemic part two that shows its ugly face in the nearer future, this could go nuts again.
Watchlist Ascending Triangle Watch how price trades out of halt 61c
LAKE is ripping once again as the virus data picks back up. The stock broke above a key zone marked by the boundaries of a clear symmetric triangle on blow-out earnings earlier this month. The bears worked to contain the move. But they have apparently failed at this point. On the radar.
Entry. $16.8 S/L $15.96 TP $18.8 12 months Consensus Price Target: $21.5 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
LAKE shares have a clear history of finding a bid as disease outbreak fears rear up, with the last big spike occurring in 2014 when Ebola came back into the headlines in a scary way. Now, we see a similar dynamic. The technicals don't make much of a case here.
LAKE shares were swept into a massive squeeze and crash sequence, but the impetus behind the upside remains in place as the need for pandemic supplies grows into an outbreak in the US. Support is back in play in the mid-teens.
Just looking at LAKE, which makes hazmat suits. A Coronavirus stock? Not a recommendation, but on my watch list. 9x EV/EBITDA -- attractive -- and at 1 PS ratio. I wonder if it can be a hedge if this gets worse. Just a thought, nothing more, and I'm watching closely.
The Aethlon Medical mission is to create innovative devices that address unmet medical needs in cancer, infectious disease, and other life-threatening conditions. The Aethlon ADAPT system is an expansive technology platform that converges affinity drug agents and plasma membrane technology to create therapeutic filtration devices that selectively target the...
Factors 1. Price has broken out of the recent downtrend (03/06/19 - 02/01/20) 2. There is a bullish candlestick printed where price broke the recent downtrend (02/01/20) 3. There is a gap at 5.4c which I would be looking to target. Possible Reasons For Failure 1. Momentum may fizzle and close the gap below 2. Low volume on the initial breakout 3. 13/48 EMA...
Pretty interesting to see the first lower low formed in yesterday’s trade, remember QE3 ends this month. Keep this in mind when looking at longer term trades. I'm moving to a cautiously short bias