SRPT Bullish trend SRPT bullish movement in a simple resistance and support testing strategy
Entry @ 125
Stop loss @ 114
TP 1 @ 134
TP 2 @ 141
TP 3@ 150-156 range
Keep it simple
SRPT
SRPT Sarepta Therapeutics Potential Buyout SoonIf you haven`t bought SRPT here:
Then you need to know that there is a Massive catalyst coming!
Sarepta Therapeutics is going to announce Duchenne muscular dystrophy Phase 3 data for its SRP-9001-301 - (EMBARK) by mid November.
This week institutions bought calls worth more than $10Mil that SRPT Sarepta Therapeutics will trade above $135 by November 17.
Some even bought the $210 strike price!
They also have a big partnership with the giant Roche Holding AG (RHHBY).
I think SRPT Sarepta Therapeutics is well positioned for a potential takeover soon!
Looking forward to read your opinion about it.
SRPT Sarepta Therapeutics Options Ahead Of EarningsLooking at the SRPT Sarepta Therapeutics options chain, i would buy the $125 calls with
2023-2-17 expiration date for about
$7.10 premium.
Looking forward to read your opinion about it.
SRPT Technical Amalysis.If you understand the idea,🎯 press a thumb up! 👍👍👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
Sarepta Therapeutics: Major Monthly Signal on WatchWe have an inverted H&S here on the monthly time frame above a major level representing all time highs in year 2000. That is very bullish on a long term basis.
Some people have asked in the past if inverted H&S patterns are only reversal patterns. I've spoken to Peter Brandt (my mentor in classical charting principles) about this several times - according to Schabacker (founder of classical charting) they are valid continuation patterns.
In other good news. I've had a decent level of interest for a trading room. For those that still haven't seen those posts, I'll be starting a live trading room for free on the first week of January. I'll showcase my trade management which is the most important aspect of trading. (Active day trades/swings trades/etc). DMs are open if interested in joining. I'll send everyone that DMs me an invite to the room a day or two before it launches (January 4th).
It's a disaster: SRPTThe market teaches traders lessons every day... often times reinforcing them to seasoned traders like myself. I happened to have been in but was out of NASDAQ:SRPT before this disaster today. It's a reminder why you MUST take profits even if sometimes you feel the FOMO after you do...
SRPT currently short - SHARK compete - developing 5-0 PatternManage your risk.. Short SRPT via Put options. Target to 153 to complete 50% retrace and then higher.. pattern qualifies...
Happy New Year!!!
SRPT holds Support a second timeAfter earnings NASDAQ:SRPT tanked HARD to what was a prior support at 126.53 where I had entered back in September. I watched this closely with a residual positions to see if it would hold it or break the level. I wanted to have some skin in the game for SRPT to retest the highs for the long term. So far today it looks to be holding that level as it has retraced a full 50% of the post-earning drop.
Marking this up for posterity as a collection of examples for the 50% retracement levels being a powerful signal of Support and Resistance.
Long on SRPTSetup an order this morning to buy SRPT at 127.71 and was not sure if it would fill. Market sold off today as the SPY continues to fight that critical level this week.
SRPT 2D: XABCD BEARS / 40% correction next(NEW/UPDATED)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
SRPT 2D: XABCD BEARS / 40% correction next(NEW/UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: SRPT 2days/candle chart review
::: XABCD BEARS
::: 40% correction up next
::: point D / PRZ near 180/182
::: get ready to short for gains
::: TP1 is 30% gains
::: TP2 is 40% gains
::: strategy: short from PRZ
::: correction can last 4-10 weeks
::: market disconnected from reality
::: don't get crushed in this new correction
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
SRPT 16H: XABCD BEARS / 40% correction next(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
SRPT 16H: XABCD BEARS / 40% correction next(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: SRPT 16hour chart review
::: XABCD BEARS
::: 40% correction up next
::: point D / PRZ near 172/174
::: get ready to short for gains
::: TP1 is 30% gains
::: TP2 is 40% gains
::: strategy: short from PRZ
::: correction can last 4-8 weeks
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
SRPT - Back Test of Recent BreakoutBack test of recent breakout after three months of consolidation.
$SRPT is in a bear chanel. IMO $SRPT is in a downward spiral. I believe this could be a god entry point for a short position.
Everything I say is my own opinion.
$SRPT Oversold at Support$SRPT RSI looking oversold on the daily chart, held trend line support well today. Expecting a bounce in the near/medium term.
Targeting $160 at least by next earnings release late October.
Note: Informational analysis, not investment advice.
SRPT - Downward channel breakout Long from $35.57 to $44.63 SRPT seems breaking out a downward channel formation, and if it can reach its Channel breakout target, it will breakout long term resistance & can continue higher.
* Trade Criteria *
Date First Found- June 21, 2017
Pattern/Why- Downward channel breakout Long
Entry Target Criteria- Break of $35.57
Exit Target Criteria- 1st Target $41.33, 2nd Target $44.63
Stop Loss Criteria- $33.12
Please check back for Trade updates. (Note: Trade update is little delayed here.)
SRPT LONG LONG LONG!1. Downward trend has ended. SRPT seems to be building a upward trend.
2. Stochastic RSI was at oversold area few days ago and it is crossing up to purple zone. It confirms the demand.
3. CCI is showing similar behavior, few days ago was oversold and confirms demand.
4. SRPT just hit support at $28-$30 and it is channeling up if you look at the lines I drew.
5. MACD blue line is not even crossing orange line yet. Once cross there will be a hUGE price surge. You can buy now and sell it high at intraday right when blue crosses orange line and make money off those traders who use MACD indicators!
I will let you put the price to sell but right now the setup looks very good.
You might think same can be said on May 15 and it failed hard. However on May 15, SRPT lacked the confirmation from CCI and the support/resistance line.
LABUI like LABU here. The stock markets are starting a new cycle which will move LABU higher. I have a target of $60, but I bet it goes much higher.
$SRPT SRPT short tomorrow$SRPT SRPT If this baby gaps up tomorrow I'm going to go short if it spikes up into a whole dollar, then I will have my resistance right above that
OPENING: SRPT JAN 2017 8 LONG PUTShooting for an .08 ($8) debit fill here. It's a lotto trade (which I hardly ever do), but I think that the drug will ultimately not be approved.
The potential profit is $795/contract, but that's if the stock goes to "0." Additionally, it will only "play out" if there is news prior to expiry. Otherwise, it'll stay way up here.
SOLD SRPT AUG 26TH 35 CALL... for a 2.85 ($285)/contract credit.
This will complete an Aug 26th 10/35 short strangle worth 4.15 in credit ($415)/contract, which I'll shoot to take off at 50% max profit.
Because I already had the 10 short put on, this doesn't cost me any additional buying power. This will also give me some protection to the short side, since I think that this is more likely to implode than explode. Naturally, I hope to be out before any of that "splosion" occurs.
BOUGHT TO COVER SRPT SEPT 16TH 8/40 SHORT STRANGLEMmm. Must have gotten busy and not posted this one. In any event, I legged into these two sides separately, the 8 first and then the 40 after it ripped somewhat higher.
The whole burrito was worth 5.82 in credito. Closing out here for a 4.60 debit nets me $122/contract in profit. This thing is "wicked illiquid", so I figured I get while the gettin' was good ... .
PREMIUM SELLING: SOLD SRPT AUG 26TH 10 SHORT PUT... for a 1.30 ($130)/contract credit. I probably could have worked for a better fill by $5-$10, but wanted to get this last trade on before the close.
Metrics:
Probability of Profit: 86%
Max Profit: $130/contract
Max Loss: Undefined
Buying Power Effect: $100/contract
Break Even: 8.70
Notes: I'll look to take this off at 50% max. It's a trade, not an investment ... .
