AUTL on the fence-AUTL has seem to pull back to the upward trend line on the daily timeframe, and the SAR indicator is still flashing buy on the chart, and it has a healthy green candle on the upward trend line
- On the hourly chart we have a downward parallel channel touching and upward trend line if it has a healthy break out, we may have some positive greenish activity
AUTL trade ideas
AUTL - Probable Accumulation With Pump PotentialAUTL is a big deal in medical innovation.
If their lead cancer product "Obe-cel" gets approved then it may pump.
On the chart this area is likely to be an accumulation unfolding.
We've has a 3 wave move up as we've seen many times in crypto already.
A 3 wave move up is corrective and so it is likely that we'll even see a Golden Window retracement $2.23 - $2.89.
But also possible is that we may see a slightly lower low ST Secondary Test.
We'll see how it develops and if more clues arrive.
The 3 wave pattern was a 1:1.618 extension GW.
This is a strong ratio and this may at least be a clue that this is an accumulation, not a continuation pattern.
And it increases the odds that it bottoms in the retracement GW rather than a Secondary Test...
But it could really be either outcome.
So this trade is buying an area with a long term view.
My first buy point is within the Golden Window $2.23 - $2.89.
And i'll consider that a second buy point below the low @ $1.60 may be possible.
I'll look for more clues as it develops 😼.
Not advice.
AUTL Is this a pump and dump?AUTL on the one-hour chart had a spontaneous parabolic move without a catalyst as best as
I can tell. Earnings ten days ago were decent but nothing special. AUTL as a biotech firm is
losing cash just not as much as analysts predicted. In the parabolic move very few shares
were traded between $2.00 and $2.40 as per the volume profile Overall a massive volume
occurred compared with the entire year although there was a bit in the runup to earnings.
I suspect a pump and dump and think it might be worth playing. Insiders could be
manipulating the shares and acting as a team. The zero-lag MACD suggests that the top has
been reached. I believe that insiders will be selling quickly and short sellers will be
joining in. I will be one of the latter. Retail buyers could be stuck bag holding if caught
by surprise. Once price drops to $4.00 the bearish momentum will kick in due to the
volume void on the profile. Accordingly, I will buy a group of call options when
AUTL hits $4.05 set a stop loss and await the flush back down to $2.00. If things go
well this will be over a 100% return on investment and 300% return on risk in one day.
The contracts for 6/16 ( $5.00) are about $250 with about 25% spread between the bid
and ask.
AUTL Technical Analysis 🧙Autolus Therapeutics PLC is a biopharmaceutical company. It is engaged in the development of next-generation programmed T cell therapies for the treatment of cancer. The company's pipeline includes AUTO1, AUTO2, AUTO3, AUTO4, and others.
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$AUTL Trend Reversal - LONG8M Float
8% Short
$386 M market cap
Offering complete Feb 12
Looks like AUTL may be breaking out of it's downtrend soon. I picked up a position on Feb 12.
Mizuho Securities analyst Mara Goldstein maintained a Buy rating on Autolus Therapeutics today and set a price target of $18.00. The company’s shares closed last Friday at $7.29.
According to TipRanks.com, Goldstein is a 5-star analyst with an average return of 19.4% and a 43.5% success rate. Goldstein covers the Healthcare sector, focusing on stocks such as Adaptimmune Therapeutics, Iovance Biotherapeutics, and Corvus Pharmaceuticals.
Currently, the analyst consensus on Autolus Therapeutics is a Strong Buy with an average price target of $16.20. (source: www.smarteranalyst.com)