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EDITAS MEDICINE INC COM USD0.0001EDITAS MEDICINE INC COM USD0.0001EDITAS MEDICINE INC COM USD0.0001

EDITAS MEDICINE INC COM USD0.0001

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EDIT BULLISHEditas Medicine (NASDAQ: EDIT) is focused on developing CRISPR-based gene-editing technologies and has a solid pipeline for treating various genetic diseases, cancers, and autoimmune conditions. They've partnered with major players like Bristol Myers Squibb and Vertex Pharmaceuticals, boosting their credibility in the field. Editas also holds a strong patent portfolio, including exclusive licenses to key CRISPR patents from the Broad Institute and Harvard, which strengthens their ability to develop new treatments. Despite being somewhat overlooked compared to competitors like CRISPR Therapeutics, with a market cap of $461 million, EDIT has significant upside potential, targeting $7.40 and $11.60.
NASDAQ:EDITLong
by SPYDERMARKET
EDITAS bottoming in process, turnaround soon, target min ~22 USDEDITAS could be in the bottoming process, I am watching it for a few years now. We have a falling broadening wedge, on which we had a breakout already. This is part of a bigger falling wedge (blue). It is techincally possible, we had put in the lows at 6.35 as a wave 5 (as an ending diagonal), which is part of wave V as a last wave, of the biggest Wave (II). This would indicate, for quiet a few years we have the lows. Now, it is possible (~20%) that the wave(II) can extend, and that currently what we are forming is just a wave(IV) as a bigger ABC correction, but we should NOT ignore this good opportunity. In the primary scenarion (bottom is in place): we already had a 5 count up (sorry for the inconsistency in the colors and the letterd counts) as a diagonal, completing the orange wave I (or wave A) up, and now, alongside with the news that shares are issued, we are having the orange wave II as an abc pullback. Due to the impulsiveness, this is certanly an a wave down, and it does not seem finished yet. It will be followed by a b wave up, and then agan a c wave down. I have marked the turnaround/support boxes. Possibly, with the abc we could form a head and shoulders (but target wont be reached). We would like to have the turnaround optimally in the green box. It could have a deeper pullback, so chances are, it will drop to the orange box. (I am scaling in) Under the orange box is what I call the "danger" zone; it COULD still turn around, but more often than not, it is just not playing out, and being extremely risky, signaling, that possibly new lows are coming I have already made 3 positions opened between 8-9 USD from previous months (accumulation) Strong support (which will be my scale in zones for further accumulation): ~8.80 ~8.40 ~7.75 I am also swing trading it(several days->weeks, shorting/buying) on a short frame based on elliott counts/luxalgo/support zones/MA's. (i.e.: if a wave seems done, put in a hedged long for 3 counts up for b wave, then short it down hedged till .618 OR 5 counts down) On the daily: RSI is cooling down from overbought levels, and MACD possibly diverging (already converged) 200 day MA is rejecting us,180 as well. 15day SMA, 21day EMA, 9day SMA rejected us. 50/52 day SMA is below us, but with the bottoming/pullback likely we will sip below that (but converging upwards) On the weekly: we getting rejected for a while on the 9.85 levels, indicating a pullback for many weeks now (again, my primary scenario it wants just a wave 2 pullback in) RSI is pulling back, but have not diverged with the trendline, and possibly will not, i expect to provide support MACD is coming up nicely to the base level, but deccelerating. Invalidation for the setup is the brushed yellow line.
NASDAQ:EDITLong
by tommtajlor
3
EDIT buildupHello traders, usually I analyze companies with a higher market cap than EDIT due to liquidity and a clear path. however, this time its different (hah). Ok now, lets get to the good stuff. EDIT's ruby trial went well and their participants have showed promising signs that their treatment is working. aside from that, I have noticed that during the times the stock price comes down, it didnt show much volume. This is a strange sign. However what I can say is that this stock has large institutional holders (blackrock,vanguard, statestreet) comprising about 30% of the shares outstanding. looking at the industry, biotech has been getting smashed since 2020 as a whole. I believe, if the stock market and broader market does not have a systemic collapse then this stock will show exponential returns. The chart itself isnt that interesting but I do see clear signs of accumulation in the wyckoff range. from 4.90 to 6.40. I myself am very optimistic with this stock. Goodluck!
NASDAQ:EDITLong
by Tradewizard122
Edit Finally may have bottomed. I played this W idea buying that flat lower support of this descending triangle target 23$ And if this is a bull flag we could be creating has support at 18.46 with resiatnce combined with descending downward line at 19.11 Seems W pattern neckline is 19.89. If we pop that we need to look for price to comeback and retest as support to confirm. If this happens. This reversal should come in and EDIT doesn’t have very much resiatnce from that 20$ range up to 24$ and 26$
NASDAQ:EDITLong
by Erictaylor
1
Edit End of the year for edit seems extremely positive. Results and further company plans will be out to the public. Working on cure for blindness as well as positive tumor shrinking results. This company should be massive but as of now in debt and extremely speculative. Hence the volatility. Is 25$ a reasonable price? Yes in my veiw extremely undervalued. Howver the TA shows the clear volatility and emptiobal ride. Short term we lost some support that was extremely important around 27.50 Howver as of now double bottomed at recent low and broke a smaller wedge. Our larger wedge resistance up at 28 we want to see a powerful move and backtest as support. If we can push through and confirm that downtrendinf resiatnce as support this would be a great start! I am keeping eyes on edit for a safe entry above 28$ would be a great safe entry if it can hold
NASDAQ:EDIT
by Erictaylor
5
is it time?This one is a Sleeping giant! There is so much indications to go long on this bad boy. EDIT is a true sleeper but when it moves get ready to hit the gears on full throttle. We are seeing tons of accumulation on the TTM indicator it is only a matter of time before the squeeze goes into play. Earnings are right around the corner and good and clear divergence showing in the RSI. plus 9 SMA is getting ready to cross the 21 SMA. Clear bullish signs. 38 has a heavy flow of demand so price must close above 38. Ideally I want edit to close or break the green highlighted area i put in place. this will give me confidence that edit is getting ready to run. To be on the safe side I would get leaps for feb. 2022. just to give time for any shake outs. EDIT can be a manipulative stock seeing that it is part of the ARK investments. SL on this bad boy is below 33.85.
NASDAQ:EDITLong
by miguelsique
Edit This was a breakout trade I had been charting. Looked like and ascending triangle. We got rejection at 73$ came back to backtest the flat previous reisatnce line as support and failed. I was stopped out of my long. With recent upper rejection, we could make a case it’s a rising wedge not an ascending. Triangle, however this 63$ range would be previous support of the triangle. If we lost 63$ we have big 50 ema support at 61.94. If it wicks to fakeout on a breakdown…. If we closed a daily below 63$ we may need to look for further downside. However the upper resiatnce of 68.40 is still in play. Watch closely as edit likes to fake breakout, retest support one last time before breaking out… although could be on the edge of a breakdown as it’s critical to maintain this support.
NASDAQ:EDIT
by Erictaylor
EDIT Editas medicine ready to break outBeen in this for a little while now since the change in market structure and added a few times to this position so not the best avg weighted entry but still well in profit. Classic sweep of lows and change in market structure has me excited on this position and more recently over the last month with the gap up above the previous short term high and now the ascending triangle forming showing the bulls still buying up and testing that resistance. The resistance may be strong but we have had a few cracks at it already and eventually I expect this level to break and to see another descent impulse move. Bullish on EDIT for now, momentum still on our side.
NASDAQ:EDITLong
by DeNomics
1
Edit Trying so hard to breakout. We had a potential fake wick through resiatnce earlier today. We def have to watch and see how this plays out. Of course we can look for volume support , closes above 68.70 level, or even a run and fall back down backtest as support and bounce… breakout trades are my favorite however, sometimes can go south quickly as your buying a a breakout resistance which could inevitable turn out to be a top. If it does play out and you get a confirmed entry, your paying straight momentum to the upside which is my favorite part!=}
NASDAQ:EDIT
by Erictaylor
Edit Keeping eyes on this beast this week. Seems to have formed either a bull pennant or symetrical triangle. Strong resiatnce formed at 70$ range. Haven’t been able to close a 4hour candle above 66.30. I’m looking to see if we can break bullish out of this I may make a trade but confirmation. Is needed. I’ll be watching and waiting for my entry with alerts set. Could be a crazy move. Old all time high was 100$ and this beast moves fast. Some warning signs could point for a drop but that’s why we wait for confirmation of a breakout ! Seems to have solid support around 61.50
NASDAQ:EDIT
by Erictaylor
2