$CODX - Its not over yet I think (Hided inside the flag channel)Not for any advise
Just a different viewpoint of the stock activities.
CODX trade ideas
Ideal CODX trendCODX is in a bullish falling wedge breakout, looking to test resistance's and supports and climb up with a solid trend line.
$CODX - Stay above 13.48, Aiming to break MA50 above (Lets hope)Current support remains 13.48 (Close price).
Not for any suggestion,
Just an Idea.
Continuation of uptrandIt looks like the price would like to come back to the previous consolidation zone. Next stop around $19. It's not advice just my view, DYOR!
CODX is testing 13.40 again. WARNING. This could be a continuation of a downtrend or we can see a bounce tomorrow. NASDAQ:CODX
CODX: $18Major resistance around R2 with Fib retrace from the top. If it moves through the next stop will be R3 and up to $24
$CODX can rise in the next daysContextual immersion trading strategy idea.
Co-Diagnostics, Inc., a molecular diagnostics company, intends to manufacture and sell reagents used for diagnostic tests that function via the detection and/or analysis of nucleic acid molecules.
The share price rose after the company announced that it had entered into an agreement with Arches Research, a subsidiary of Polarity TE (NASDAQ:PTE), to expand Arches' use of Co-Diagnostics' Logix Smart COVID-19 test.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position again from $11,62;
stop-loss — $10,80.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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$CODX -For those who followed the chart yesterday (now 1h Chart)For the current status, closing above 14.11 is positive for continuance up.
A positive trendline is also below and supporting. let's hope for not breaking below.
Horizontal Support 13.7
Not for any advise
Just an Idea.
CODX to Long False Breakout at demand zone:
#1 After big down move,
#2 few side way bars above DZ;
#3 One Bar down below DZ,
#4 one bar up, close above DZ.
Entry: 11 (stock entry price)
Stop: 9;
Target: 28; reward:risk=8:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
CODX see full chart & Follow at www.tradingview.com
We caught the reversal last week, Very strong reversal based on some good news.
we sold our position at $13.90, but if your still in, next level is probably $15.90 area.
that will be a tough level to break.
CODX
Entry $14
stoploss $13
target $16
What is CODX??
Co-Diagnostics, Inc. engages in the development, manufacture, and marketing of diagnostics technology. It offers design services, vector control, equipment, diagnostic, and research solutions. The company was founded by Brent C. Satterfield and Dwight H. Egan on April 18, 2013 and is headquartered in Salt Lake City, UT.
CODX - Short Squeeze+ Exit from Channel DownHey friends,
CODX stock with a positive balance sheet dropped due to a report and reached the bottom.
Great growth in sales.
2 green candles that exit from Channel Down.
Volume raising up.
Short Float 26.51%
Purchase a stock or call option
Stop 8.32$
Profit 18$
No buy recommendation*******
CODX - strong momentumCODX is a COVID stock (testing services)
Has a history of multy-day breakouts; now on the bottom
Made 40% on news yesterday on 20 mln daily volume
Can easily go up
Next target 15, then 20 if momentum continues
12H) CODXThis is follow-up to previous forecast on CODX. Gap fill is possible. Not sure what will happen after that.
CODX FALLING WEDGE ORARIAPer tutti quelli che seguono lo stock e mi seguono su etoro e hanno visto l ultimo video dove mi sono posizionato su CODX. Sto osservando questa falling wedge oraria per un climax. E una rottura del pattern a breve.
