LYEL | Pharma Stock Oversold | LONGLyell Immunopharma, Inc., a T cell reprogramming company, engages in developing T cell therapies for patients with solid tumors. The company develops therapies using technology platforms, such as Gen-R, an ex vivo genetic reprogramming technology to overcome T cell exhaustion; and Epi-R, an ex vivo epigenetic reprogramming technology to generate population of T cells with durable stemness. Its pipeline includes LYL797, a T cell product candidate for the treatment of non-small cell lung cancer and triple negative breast cancers; LYL845, that targets multiple solid tumors; and NY-ESO-1 for synovial sarcoma and other solid tumor indications. The company entered into research and development collaboration and license agreement with GlaxoSmithKline for NY-ESO-1 program. Lyell Immunopharma, Inc. was incorporated in 2018 and is headquartered in South San Francisco, California.
LYEL trade ideas
WATCH $LYELBullish
- IHS formation
- Broke downward trend line & retest
- Funds accumulating
- Decent fundamentals
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
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LYELBullish DivergenceThe most recent candle tested four fibonacci levels and closed at the .618 level. The D+ recently crossed D- on the ADX and the Force Index, long and short term turned positive.
There is bullish divergence with the OBV up while price declined from 8/9-8/23.
Looking for a short term swing trade with a 1.5XATR stop and a target of $8.84
Shorting Lyell Immunopharma. LYELBelieving B/C pivot just happened and we are moving down. Since we recover to ~ 0.618 of A we may reach new lows in this run downwards.
We 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!