EditFantastically sensual chart.
Through up some indicators. Red labels are 3 point confluence. That blue circle indicates a possible 4 point confluence. Let’s see what plays out.
EDIT trade ideas
EditSupport of uptrend begging has held. That’s an excellent sign. First higher high and higher low. Start of something Big?
EDIT - another genomics name that looks ready All major gene editing stocks look like they're on the cusp of big moves higher. (See last post on NTLA)
Zoomed in on the shorter time frame we have a trigger off the 618 4hr retrace. There's some overhead supply in the 50s for shorter term targets, but this is a long term play with much higher upside.
Seeing similar in CRSP, but EDIT is showing a more significant breakout on the monthly time frame
Short term quick look at CRSP:
NTLA is the leader in the sector right now, but that could change fast. I am long all three
Charts don't lie - upcoming Golden Cross, Cup Upcoming data in 3Q 2021 and a huge addressable market if successful. Do the math.
EDIT - inverted H&S (good risk/reward)EDIT broke out (up) of an inverted Head & Shoulders neckline @ 39.20 yesterday and looks to be firmly on the uptrend now.
A rise to it's H&S target of 49 looks plausible with stop loss about 50 cts below the neckline of 39.20
Let's see if it works out!
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
EDIT ready for a big moveits been a while since I have posted. EDIT is one of my favorite picks for the next couple of weeks. it looks like it might have broke down the down trend BB are tightening up so we might see a big move with momentum.
EDIT finally done falling?EDIT has been falling since the start of the year. It looks like it might be leveling out finally. I'm going to be looking for longer-term calls, $45-50 strike, for the next earnings date in August.
Edit Entered at 35.75. Target 37.71. Old resiatnce retest would be 38.23
Had a nasty fall and an anylist rated of 20$. Fear sent it low low but I feel it can have a turn arounnd if it can find news support above 38
EDIT Dip BuyEDIT - Solid growth stock within the biotech industry recently beat down, currently off 62% from the highs. This one loves holding Fibs so if we see someone support at this 38 that would be a solid entry. Cathie also buying dips on this one, and with the market showing signs of strength, Huge R/R on this as Growth comes back - the company is a disruptor in the industry!
Entry at 37-39, PT 48.8, 54.7, SL under 37
EsitAfter further rejection of 49$ area I realized that although it was looking like we had broken the falling wedge and backtestinf it seems like it was just testing the top of the falling wedge only to have fallen back to the previous bottom so far making a higher low looks read to run back up only that this time the resistance is roughly 44.85. It’s going to be a tight trading range for EDIT until I finds a direction. Really a no trade zone until decision is made
I was looking for every bullish case and it all looked so freaking good but 49$ range was to big of a resistance
EditIf it can clear 49.26 100 EMA on hourly this is extremely bullish. Either way it’s a flag pole breakout targeted move 58$ and retest would be 47.75 for back test confirmation. Keep your eye on this beast
$EDIT short under 70EDIT up +140% over last 3 days. Pullback expected here. Gene editing is a hot topic at the moment, but price is absolutely overextended for company with less than $100M revenue annually. Long term huge long potential. Short term, short biased.
EDIT looks fantastic for longEDIT is getting ready to reverse IMHO. Like this set up a long for a longer term position
EditFinally got this breakout. Only thing is red TD 9 flash on hourly
Just got a MACd cross on hourly as well. Support break was 47.95
Do with what you will.
I’d really like it to be holding above 48.40-49 for a while before entry possibly
EditEdit is in a critical spot. Finding and maintinf support above 48.40 is absolutely critical. This could
Be time for it to breakout of invers head and shoulders. Either enter confirmed above 48.40 or enter 47.92 with tight stoploss take profits first at 52$ Second at 54 and 3rd 60$
Not sure how it’ll play out yet but thiscould be huge
EditSomeone tell me that this isn’t creating the most perfect inverse head and shoulders. Let’s see how it plays out, I could be wrong and things can happen and change the chart but looks so clear to me as it continues to progress
