AquaBounty Technologies, Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# AquaBounty technologies, Inc.
- Double Formation
* 4.00 USD | Completed Survey
* Retracement | (1) & (0.618)) | Subdivision 1
- Triple Formation
* LH & LL's | 012345 | Subdivision 2
* Retracement | Numbered, Method 1 | Subdivision 3
* Daily Time Frame | Trend Entry Bias | Short Set Up
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
AQB trade ideas
$AQB AquaBounty Technologies IncNASDAQ:AQB AquaBounty Technologies Inc
entry PT 2.20-ish
Target PTs 6 --> 8.20 --> 12.70 - 23 and higher
AquaBounty Technologies, Inc., a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. It engages in genetic, genomic, and fish health and nutrition research activities. The company also operates salmon farms using proprietary technology. It offers AquAdvantage Salmon, a bioengineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts. The company was formerly known as Aqua Bounty Farms, Inc. and changed its name to AquaBounty Technologies, Inc. in June 2004. AquaBounty Technologies, Inc. was incorporated in 1991 and is headquartered in Maynard, Massachusetts.
is there any actual value behind this company given its debt?Anyone have any thoughts as to this stocks actual real value with regards to its debt levels and ability to sell its fish? I am trying to learn about understanding underlying value of companies that are currently performing poorly or have no income.
mid term +100,000% aquaculture, farming fish AquaBounty Technologies, Inc., a biotechnology company, focuses on improving productivity in the commercial aquaculture industry in the United States and Canada. It offers AquAdvantage Salmon, a bioengineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts
AQB is in an early stage of bullish trendAQB seems to form a triangle (if it doesn't break out off the previous high). If it falls to the edge of the triangle and bounce, add more position. ARK Cathie bought 16M shares so she should take good care of her money (see my previous idea). Most of Cathie's picks are up (CSTL, CRSP, CDNA, EXAS, TDOC...) . AQB is just in the beginning stage. Lots of room.
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AQB in Elliott wave correction?AQB seems to reach the bottom and on its way up. Look like it is in an Elliott correction wave. Even if it drops it should be back up again since it should already pass the lowest point. 4 hr RSI does not reach overbought yet. ARK Cathie bought 8M shares twice at average $5.58 & $8.75. Under these conditions the bull should be on.
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AQB is on the watchlistAquaBounty (AQB) NASDAQ:AQB
AquaBounty is a company that deals currently in aquaculture services, specializing in the farming of bioengineered Atlantic salmon that can grow to market size faster than what the conventional market offers.
The appeal in ABQ is clear. As global natural salmon production decreases due to environmental constraints put upon by climate change and pollution, aquaculture of salmonids is already used to meet market demands at a competitive price. Bioengineered salmon is reportedly faster to produce and more efficient; therefore, following conventional logic, bioengineering salmon is the logical next step for a competitive market to meet increasing demands.
Their product is known as the: Aquadvantage Salmon
Cathie Wood from ARK invest has backed this and they currently own 12.18%/ 8,640,421 shares.
The Vanguard Group also have a stake of 2.09% with Blackrock trailing behind at 0.82%
My only concern is the public perception of GMO foods. As reported by The Hartman Group, consumer perception of GMO foods is increasingly negative year by year.
Chains such as Costco have refused to serve these GMO salmons which may pose a potential risk for ABQ in the short term.
But long term we will have to continue modifying organisms in order to reach a point of sustainability.
Looking at the chart we could retest 10$ again easily before Earnings. Due to the fact, their patented product hasn't yet arrived in the US, it could crash back after if it doesn't beat estimate EPS.
Then again, it is FDA approved so hopefully, it will take the market by storm when things open up again in the summer.
If it drops to the 5$ range I will open a long position. If it consolidates at 7-8$ I may reconsider.
(Disclaimer not financial advice just opinion)
Social media trading bubble example..!One of my favorite methods of analysis is the correlation study!
here you can see a correlation study of AQB vs BNGO. When you look at this comparison it is easier to understand. I did another on Tesla vs crisper, as well.
AQB was in the ARK investment portfolio and all over social media..! But they recently dumped it and sold most of it.
BNGO has never been in their portfolio, but if you do a quick search on social media, you will find all sorts of trading gurus who explain the rumors that Ark invest will pure money into this soon and it will be skyrocketed to moon..!
Please ask yourself: Why an automaker (Tesla) should have the very same price pattern Crisper a Genomic & Biotechnology company have???
Albert Einstein: The definition of insanity is doing the same thing over and over and expecting different results.
Update on AQBIt is supported at its 50 days EMA.(if open with down gap, do not enter the trade!)
Potential gain:15%
Reward/Risk:2.5
Timeframe: 1wk
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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Need to consolidate at SMA50 before we can see another run up.NASDAQ:AQB
Hit our first profit target of $12.
I think the WSB stonks have been a distraction and has put FUD into the market. For AQB, we need to find support at the SMA50, while watching the RSI. If we can consolidate here and get a cross on the MACD, I see another run up to $15 - $17 in the near future.
Target #1 - $15.
Target #2 - $17.
Thoughts? LFG!
AQBAQB seems to be posting a pretty solid HAS pattern. The right shoulder has yet to really play out, but it looks inevitable. Assuming the HAS pattern does play out fully, I'm expecting AQB to ultimately test a support around $6.90, and maybe even as low as $5.90. As always, Only Time Will Tell. *NFA
Behaviorology of AQB, what I called the ARK effect..!Potential gain:+100%
Reward/Risk:5
Timeframe: 6 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
Don't forget to like, comment, and Follow to encourage me to continue this.
You can send TradingView coins to support me publishing high quality ideas..!
Stay tuned great live stream and quality content videos coming soon..!
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