Will Allakos Inc. return 10,000% ?? Maybe even 20,000%
This is a 20,000% return idea from current price action. If you missed out on the QUBT trade (below) and find yourself filled with regret at the inaction taken… Then Merry Christmas...
On the above 15 day chart price action has corrected a massive 99.5% from $166 since early 2021. A number of reasons now exist to take advantage of this discount. They include:
1) Price action and RSI resistance breakouts.
2) Strong regular positive divergence. Recognise this divergence prints at a time price action resistance breaks out and prints support on past resistance from a 4 year active resistance downtrend.
3) No share splits!
4) “Off-Exchange Short Volume Ratio 39.57%” - who are these people?
5) The forecast comes from the wedge breakout. Top and bottom touch points are used to measure the forecast area
Is it possible price action continues to correct? Sure.
Is it probable? No
Ww
Type: Trade
Risk: You decide
Timeframe for long: QUBT danced around 60 cents for a month or so, people got bored, others left in frustration… do you want to see my inbox as price blasted past $6 ?? Filled with regrets from folks unable to exercise patience.
Return: 2,500% in the first wave
Stop loss: Will say elsewhere
