WVE is it a short from here?WVE appears to be well over its 200d moving average. This may be a great shorting opportunity in the near term for the bears.
WVE
What a day! Hi folks, Yurii Domaranskyi here. Let's take a look at the chart.
We have an all-time low,
sharp approach to the level,
after a false breakout of 4.82 price level no move down and the stock closed near the level. Looks strong.
Potential risk/reward ratio = 1 to 5.09 meaning that I'm risking a 100$ with a possibility to make 509$
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WVE Technical Analysis 🧙WAVE Life Sciences Ltd is a preclinical biopharmaceutical company based in Singapore. It owns a diverse pipeline of nucleic acid therapeutics meant to address rare genetic diseases related to the central nervous system, muscles, eyes, liver, and skin. Its nucleic acid therapeutics target genetic defects to either reduce the expression of disease-promoting proteins or transform the production of dysfunctional mutant proteins into the production of functional proteins.
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Only for education purposes and Bullish heroes- Check the weekly trendline before going bullish on this
- some might say that this could be a breakout but there's a head and shoulders patter in 3 hrs frame
- wait for a move and then enter or exit from this
- most of the patterns are showing a bearish trend only
- this is just my opinion
Wave Life is a hot Buy Confirmation provided in analysis.
I see explosive growth for this company from technical standpoint.
