CRSP buy Initiate a small position and look for adding more on pullbacks.
Beta 2.3
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
CRSP/N trade ideas
Cup and Handle Patterns above PatternsAnother cup and handle has formed above the old cup and handle
If you enjoy volatility this is a good one for you. This one may pull back again close to handle low of new cup and handle
Remains to be seen
Be patient and pick a good entry that works for you
Stop to your tolerance or below handle low
The last time this one reached long entry, iit did not hold on to the high.
Deep pull back ensued and now CRSP seems to have energy again
I see now a new all time high was just made but has pulled back again.
If you like this stock, beware of volatility
It appears Gene editing companies are hot as of late/TXG is another
NV is high and short interest is mediocre but a bit higher than I like
Be safe and be patient (o:
Not a recommendation
CRISPR Therapeutics AG, a gene editing company, focuses on developing transformative gene-based medicines for serious human diseases. It develops its products using Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/CRISPR-associated protein 9 (Cas9), a gene editing technology that allows for precise directed changes to genomic DNA. It has a portfolio of therapeutic programs in a range of disease areas, including hemoglobinopathies, oncology, regenerative medicine, and rare diseases. The company's lead product candidate is CTX001, an ex vivo CRISPR gene-edited therapy for treating patients suffering from transfusion-dependent beta thalassemia or severe sickle cell disease in which a patient's hematopoietic stem cells are engineered to produce high levels of fetal hemoglobin in red blood cells. It is also developing CTX110, a donor-derived gene-edited allogeneic CAR-T therapy targeting cluster of differentiation 19 positive malignancies. In addition, the company is developing allogeneic CAR-T programs comprising CTX120 targeting B-cell maturation antigen for the treatment of multiple myeloma; and CTX130 for the treatment of solid tumors and hematologic malignancies. Further, it engages in developing regenerative medicine programs in diabetes; and in vivo and other genetic disease programs to treat glycogen storage disease Ia, Duchenne muscular dystrophy, and cystic fibrosis. The company has strategic partnerships with Bayer Healthcare LLC, Vertex Pharmaceuticals Incorporated, and ViaCyte, Inc. CRISPR Therapeutics AG is headquartered in Zug, Switzerland.
Consolidation and flagging - PT $115 at the 1.618 Fib extensionCRSP had a recent pop due to the Nobel prize announcement - after a little pullback and consolidation at these levels, it looks getting poised again to reach ATHs. Long price target $115 minimum. A great fundamental and technical set up. ARKK ETF's #2 position in their portfolio. A great disruptor in the genomics sector.
CRISPR, showing strong support lineCrispr has been falling with the general market
However it has shown great strength at the lower part of its regressionchannel post corona.
Buyers coming in we are seeing higher lows.
Macd turned today and with the stochastic combination it might show a double cross strategy play. RSI also crossed 50 again. Will be interesting to follow
Ascending Triangle & Triple Bottom for CRSP?Notice the dark blue pattern on the chart, there's noticeably a Ascending Triangle and coincidentally a bullish inverted H&S where I have placed the green lines.
Above each green line is appears to be a bottom, and there's three very noticeable on the line chart as opposed to the hollow candle chart. I have placed three blue finger icons so there is no confusion, each finger represents a bottom of the Triple Bottom.
On the RSI there's was clearly a modest divergence, if the Ascending Triangle breakout to the upside the RSI is going to need to create a higher high and break out of the pattern to the upside negating the possibility of this ending in a bearish divergence & descending triangle.
$CRSP Consolidation Channel Long Right Now$CRSP has formed a perfect consolidation channel between $86 & $97. The daily squeeze momentum is turning positive after this 6 week consolidation and looks ready to make a move to new highs, potentially above $100 to $120. Long $CRSP and other gene editing stocks like $EDIT $TWST $NVTA $NTLA $CLLS which have very similar setups/positive momentum. Buy the 9/18 $100 calls for around $5 and stand to make out nicely on a breakout move above $100.
CRISPR - Long Term OutlookCrispr is still on the rise and trading within it's rising channel.
It looks like it has completed a 5th wave and is due for a correction. There is major support around $73.00 which is also the 61.8% fib level.
This may present a nice buying opportunity if it drops to around $73.00 and that support holds up. I think gene editing and genetic engineering will continue to have positive momentum until at least November.
Disclaimer: This is not financial advice. Do your own research and due diligence. Good Luck!