Freezing over at CryoPort. CYRXWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
CYRX trade ideas
CRYOPORT INCNASDAQ:CYRX
Hi, traders.
It's already 11 a.m. in Moscow, which means that Friday's trading session is already over in New York.
Today, closely followed a few papers.
I would like to discuss CRYOPORT INC separately, because I think it is potentially interesting in the future.
I traded it very well on September 2, and now it's time for the next trading on Monday or Tuesday.
I have decided to share it with you.
And here's what's on the chart:
1. July and August in the paper a strong player was gaining volume in the long.
The price went in a corridor between 31 and 35 dollars. Enough channel to "disperse the crowd" and gain volume at the expense of market players.
2. From August 21 to 26, partial volumes were sold and the price rose to 56.56, forming a new resistance level.
3. Until September 01st, a strong player does not hide the tightening under the level.
Usually, the position is held in a similar way disassembling the counter size. And take a look at the chart: the pressure was formed not only by Lows, but also by closings. For those who understand it is the strongest signal for the long.
4. As expected: a breakthrough. I enter the breakout 56.56 and take 2.8 dollars from the paper on the impulse.
5. And now we see what happened next: on September 3d we were shown a false breakout by two bars. And how the paper is supposed to go down. I begin to follow the progress.
6. On September 4th, we form a false breakout by one bar of the lower support level. And again we go up. And here's the attention: the paper is bought back. The tool could not stay in the short zone.
7. Yesterday's trading and closing of today's trading session tells me that the short player will soon give up.
He will not be able to keep the level of 56.56. A breakout of the level will be a sign of this.
In my trading strategy,
I personally will not trade an impulse breakout, this model has already worked well on September 2d.
I will wait for the long player to win, I will join him confidently and calmly when he takes the level and fixes it.
I don't know when it will happen, but it looks like Monday.
Let's turn on trading wisdom and wait.
As my personal statistics show, calmness and patience bring me the most income and almost 80% of my deals are positive.
Good luck to all.
By the way, if someone wants to learn how to trade like me - write, let's discuss the details.
Cryoport Sign Agreement to Acquire CRYOPDPCryoport Expands Global Supply Chain Platform by Signing Agreement to Acquire CRYOPDP
all cash transaction valued at approximately €49 million. CRYOPDP generated over €42 million of revenue in 2019 and is expected to be immediately accretive to Cryoport's earnings upon closing. The acquisition is expected to close within 60 days, subject to customary closing conditions.
Acquisition will expand Cryoport's presence in both the EMEA and APAC regions and broaden Cryoport's range of temperature-controlled supply chain solutions for the life sciences
finance.yahoo.com
CRYX stock is a chill investmentWith a great news release, the announcement that World Courier, a part of AmerisourceBergen, will integrate Cryoport's full suite of temperature-controlled solutions into its global network, CRYX price predictions doubled. It is obvious that the fibonacci levels are a key indicator to watch on this investment vehicle. Think of this stock as a good way to invest in the BioTech sector, without having to get too involved in weird science stuff that only lab assistants and Nobel Prize winners understand. A straight-forward BUY in the near to medium term. Wait for the retracement and BUY towards the 1.618 extension.