Inverted HS early entryApparently the support is holding. I think is going to test the 12 level resistance and it might break it out. But for now 12 is my target. Look how tight is my SL, it triggers only if a daily candle break down the trendline.
ARQT trade ideas
ARQT - long - momentum and catalyst playArcutis Biotherapeutics Inc is a medical dermatology company. It is developing treatments for patients with immune-mediated dermatological diseases and conditions. It is leveraging recent advances in immunology and inflammation to develop differentiated therapies against biologically validated targets to solve persistent treatment challenges in serious diseases of the skin. The company's lead product candidate ZORYVE roflumilast cream, has successfully completed pivotal Phase 3 clinical trials in plaque psoriasis, demonstrating symptomatic improvement and favorable tolerability in this population.
This is not a financial advice!
Recent block buys
Upcoming catalyst in July 2024
Medium float of 78.91M
Short float 26.40%
ER is on the 14th of February - keep that in mind
We might see a correction to 4-5 level, where is a perfect buy zone
With enough volume and good ER we could break the last high zone 7.0 - 7.3
SL depends on your entry. If u enter now in the 6.5s SL under 5.3
If u enter in the 4-5 zone SL under 3.0
Most info on the chart.
Trade carefully!
An upward trend of ARQT Target $8-10 Or $12Strong Trend Biotech treating skin problem!
large volume with good interest.
Hopefully it will go up more.
ARQT, Arcutis BiotherapeuticsTargets are in yellow/orange.
Should see a retracement to support below.
:)
January Gainers (ARQT, account up 1%)3rd gainer in January is ARQT . Holding period is 15 days (12/20/22-1/4/23). Account up 1%.
This month till today, my account is up 2.5%, average holding period is 12 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
3-month trending patternIt starts to spike around the middle of each month, and peaks a little higher each time. Look at the price movement, the volume , and MACD indicator. If the price goes near 40, that's +35-38%, with relatively low risk.
