MYO - LONGStock traders may advise shareholders and help manage portfolios. Traders engage in buying and selling bonds, stocks, futures and shares in hedge funds. A stock trader also conducts extensive research and observation of how financial markets perform. This is accomplished through economic and microeconomic study; consequently, more advanced stock traders will delve into macroeconomics and industry specific technical analysis to track asset or corporate performance. Other duties of a stock trader include comparison of financial analysis to current and future regulation of his or her occupation.
MYO trade ideas
MYO - long - falling wedge breakout Myomo Inc is a wearable medical robotics company that develops, designs, and produces myoelectric orthotics for people with neuromuscular disorders. The MyoPro myoelectric upper limb orthosis product is registered with the Food and Drug Administration as a Class II medical device. The Company provides the device to patients and bills their insurance companies directly, sometimes utilizing the clinical services of orthotics and prosthetics providers for which a fee is paid. The Company sells the product to orthotics and prosthetics providers around the world and the Veterans Health Administration (VA).
This is not a financial advice!
We need to stay in a bullish overal sentiment of the market. If we see a corretion, this play might doesn't work.
Keep an eye on 4.5 and 5.4 levels, needs to get broken for a further upmove. You can take partial profits at these levels if u want to lock in gains.
SL under 3.20
TPs approx. 7.0
Most info on the chart.
Trade carefully!
MYO can Myomo continue the push to the earnings report?MYO had impressive week gaining over 35%. It is a volatile penny biotechnology stock
with good earnings back in November new due for another report. On a 120 minute chart
with relative volatility and volume indicators and a volume profile added. The volume and
volativlty of this past week's move is obvious. Price gain has slowed on the approach to the
POC line of the volume profile which appears to be resistance. Price may break that resistance
but could get rejected there. I plan to buy MYO long on a break of resistance with
a buy stop set at 4.04 and a stop loss at 3.96. If MYO rises and gets over 4.04 the order should
fill and if it retests the POC line as support and the support fails, the stop will close the trade.
My expectation however is for the earnings run to take it to the level of the pivot high
in early January for a 25% gain.
MYO a Stock I randomly pulled up and conducted some R/AR/A = Research and Analysis
This stock just randomly chose to after looking at a few robotics stock. I went through a few stocks to show how I conduct my R/A and wanted to see if I could find some ideas and themes to trade. A stock that got selected was MYO. MYO is a company that sells robotic arms to people regain function in their arms and hands. Their product is called MyoPro. This stock might be able to push higher in the longer term (maybe in 2025). The technicals are not good on it. The fundamentals aren't also. And there is almost no sentiment on this stock because there is close to 0% PR on here, expect some articles talk about price movement. But, something that I saw that caught my eye is an individual in Australia used their product, was able to get their function back, and was able to benefit from the Nation Disability Insurance Scheme (NDIS) in Australia. Another that caught my eye is they are attempting to get their product approved for claims for Medicare Part B beneficiaries. If this is approved, the stock might be able to push above the $1 lvl and maybe push above the $2. So, this stock might have some promise. For now, I wouldn't get in because of the state of the economy, high inflation, and rates increasing. There are also the negatives aside from this stock almost collapsing, which is it's competitors and technologies such as Neuralink from Elon Musk.
I am not in this stock and highly likely I won't get in. This is just some research I have done and I am seeing where price is going to move and to see if I am correct.
MYO | Medical Devices Need Love | LONGMyomo, Inc., a wearable medical robotics company, designs, develops, and produces myoelectric orthotics for people with neuromuscular disorders in the United States. The company offers MyoPro, a myoelectric-controlled upper limb brace or orthosis product used for supporting a patient's weak or paralyzed arm to enable and improve functional activities of daily living. Its products are designed to help improve function in adults and adolescents with neuromuscular conditions due to brachial plexus injury, stroke, traumatic brain injury, spinal cord injury, and other neurological disorders. The company sells its products to orthotics and prosthetics providers, the Veterans Health Administration, and rehabilitation hospitals, as well as through distributors. Myomo, Inc. was incorporated in 2004 and is headquartered in Boston, Massachusetts.
$MYO Setting Up but Thinly TradedI can't remember how this $MYO made it to my universe of stocks that I flip through but dang thing is setting up.
Its thinly traded with less than 100k shares daily avg. and only 6 million shares outstanding.
looks like a turnaround story to me. I know nothing about this company.
Myomo broke out of the head and shoulders patternAMEX:MYO broke out yesterday of the H&S pattern. Any pullback towards the neckline at 13.77$ is a buying opportunity, target 17.73$, stop 12$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Myomo, Inc. Gap Fill target Myomo, Inc. is a medical robotics company, which offers expanded mobility for those suffering from neurological disorders and upper-limb paralysis. It offers MyoPro, which is a myoelectric elbow, wrist, and hand orthosis that supports an impaired hand and arm while also enabling it to move again. The company was founded by Stephen Kelly, John McBean, Mira Sahney, and Kailas N. Narendran on September 1, 2004 and is headquartered in Cambridge, MA.
Trade it don't marry itThis stock had a 1/30 split on January 31st and then put out a press release which made it go from $6 to 25. The chart will make you believe that it went from .27 cents to $25 dollars. If that was the case there would be heavy selling pressure. Not saying there is no money to be made but this is one of these where it's clear you should only invest what you can afford to lose
MYO: long towards 2.81, 3.54, 5.64MYO watching for support to continue to hold at 1.89 and push past 2.2 to recover towards 2.81. Beyond this point we enter a channel 2.81-3.54; if volume follows we will expect the top of the channel to test... If volume does not follow, but the top of the channel is tested anyway we will watch for a larger move towards 5.64
MYO TP 4.5good news
Myomo, Inc. (NYSE American: MYO) (“Myomo” or the “Company”), a wearable medical robotics company, today announced that its MyoPro myoelectric arm orthosis (powered brace) is now available to adolescent patients with paralyzed or weakened arms. MyoPro is the only lightweight wearable device on the market that can help restore substantial functionality in the arms and hands of individuals who are suffering from the effects of a neuromuscular disease or injury.