C2RS34 trade ideas
$CRSP - a blast from the pastLast year, I made nice gains from this ticker.
As you can see in the chart, it has taken a beating.
It gave me false signals in March that it was rebounding.
It is, again, giving me signals but this time the signals are quite a bit more impressive. Instead of meandering its way above key levels, yesterday it made a power move through the level.
It is now on its volume shelf and it will run into its next bag holders around $155, where I assume it will take time to digest that level before again moving higher.
For now, I am moderately adding to my position with patience.
After $157 I will get more aggressive, with tight stop loss, to ride this stock to reach all time highs (above $220).
Of my three genome stocks that I hold and play, CRSP is the strongest and healthiest play that has the highest confidence.
Because I have been burned by this before, I use caution and discipline and do not enter without hitting key levels. It can just as easily reverse on you and the losses are stomach churning.
CRSP - Adam & Eve (bullish)CRSP had an bearish H&S formation earlier which saw it fell to a low of $100 on 5 March. It then traded in a wide sideway range of 106-137 for most of the next 7 weeks and eventually an Adam and Eve pattern has emerged.
The Adam & Eve ((A&E) is variation of the "double bottom" formation. The neckline is currently at 137. As soon as it started trading above 137, we could see a sustainable move to the eventual A&E target of about $174, which incidentally is also the 62% fib retracement up of the recent swing down.
I would place an initial Stop Loss just below $123 and move this stop up should the trade goes to at least $145.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
CRISPER, Adam and eve bottom? Target price $145, $167I was long prior to this post (see previous CRSP post. symmetric triangle break out, bullish trade)
Now from a symmetric triangle break out, looking like a A&E double bottom
A clean break from $135 will lead to two target prices
- $145 - top of paralell channel, also coincides with 20 weekly MA resistance
- $167 - Price target of A&E formation.
Happy trading.
Looking to get outPer our previous post, Its now trying to get out from the triangle with the targets shown in the chart. Volume is increasing to support the upside.
$CRSP - over $134Holding over $134, it has an easy time melting to $155.
Over $165, target is $200
Love this stock, but I have booked losses on it, so I tread carefully.
I am holding commons and have a limit order in for a slight pull back.
Is CRSP trading in an Ascending Triangle?It appears as though CRSP is potentially bottoming out and forming an Ascending Triangle pattern.
On the DMI there's been a bullish twist where I have placed the blue downward pointing finger.
On the KST there's been a bullish cross where I have placed the blue check mark and upon back-testing the red line we've seen a bullish bounce where another check mark.
CRSP back to all time highsCRSP has taken a beating over the past few months, but they are still the leader in gene editing. It looks like we are starting to see a rotation of money back into genomics, which will play a crucial role in avoiding these pandemics in the future. CRSP has broken out of the wedge that it has been trading in and we are likely to see a 9/50 EMA cross over very soon. I love this company long.
CRSP - Stonk BreakoutCRSP - Major buy trigger on the daily chart for you stonk investors.
Looking to retest the $170-$220 zone.
Just triple bounced off the 200 day exponential moving average (green line), looking to breakthrough the 100 day exponential moving average (blue line).
Bullish in the long term on CRSPR.
Lets rake in those M's baby!!
Let me know your thoughts on this analysis & CRSP if you are invested in it!
Not financial advice lol
Probable PathSupported at the long term trendline and 200MA. Forming a triangle right now, hoping for a breakout on the long side.
CRISPER, longer term trade. 50% upside Genomic hype has reached its peak almost 3 months ago
(I remember all these youtube channels saying CRSP FUTURE BUY, around + $200. Obviously not everyone can win and was a top)
Now that a significant retracement has happened a reversal is inbound
Weekly chart
TD 9 (incomplete however)
Weekly 50MA support bounce
Head and shoulder top revesal at prior peak, with target of $100 reached, may be ripe for a reversal
Within a 2 month timeframe we may see prices of around $170 - Great for buying options Imo
Happy trading.
CRSP - Ripe for ReboundLooks like Nasdaq is done correcting and looking up now as many stocks have corrected far enough and hit major supports.
One example here is CRSP. It had formed a head & shoulders earlier which followed thru all the way to hit just $2 shy of its H&S target at 98 on 5 March. Bounced and then retested close to this support zone (which comprised both the H&S target and the 61.8% fib retracement of it's entire AB swing up).
Time to accumuate. with initial stop loss slight below it's recent swing low 106. Trail profits up.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
CRSP - BottomingThis stock tends to form double-bottoms months apart. I'm projecting a 2nd pullback to give us our second bottom. This stock has has a very strong year and when it bottoms it bounces are hard and fast. To boot: it's a Swiss company wish gives you a bit of hedging against the dollar. Keep on your watchlist. Cheers!
$CRSP - IHS looks goodCRSP has better IHS than edit but no unusual call option buying.
Watching until we are above and holding 50 SMA.
CRISPR THERAP. - Buy on daily chart - target 182 $Dear traders and followers
the CRISPR stock price closed above the down trend line and formed an inverse head and shoulder pattern on the daily chart. Market is within an strong up trend and reversed several times from 120 $ area. We're looking for a market buy on Monday because this stock could reach the target within a short time frame.
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CRSP - PRICE MOVING TO WAVE 5CRSP price should have completed its wave 4 correction with zig-zag ABC correction pattern, and the prices are corrected to around 61.8% FIBO level of entire wave 3 length correction.
Price is currently moving towards wave 5, and the ballpark target for wave 5 is USD258.
Happy trading!
