NKTR trade ideas
NKTR New Trend Emerging, Buy and holdRange broken channel starting to form, close to the start of the trend.
NKTR2 possible long entries here.
Hoping for bear raid to prove 50MA support. New money on volume spike and narrowing volatility tells me another beautiful green candle is around the corner.
NKTR flag breakoutif this can hold above the 23 level and hold on a breakout over the resistance then it could get a nice run because it would squeeze the shorts out and all of the momentum traders would come in, all predicated on if it can hold over the 23 level.
Nektar Therapeutics- Looking For Longs Out Of These LevelsFriends,
A nice little long setting up. We have a number of factors making this long a reliable one (Providing the further criteria required is filled.)
This is the situation so far:
1. We have hit a level of historical zone of support, and a sideways dynamic support level as well.
2. We saw a Doji, and a bullish kicker signal off the Doji signal. Which is very bullish.
3. We have long term bullish divergence of the Stochastic (And the ACC/DIS, but didn't publish that with this idea)
4. We have hit a strong Fibonacci confluence zone, where we would expect a reversal off of.
Step 5.
We want to see follow through buying, it's particularly important for safe buying that the level of 11.20's and 11.30's are clearly broken so we know the bulls are looking to make positions in this stock and bring the price up.
Step 6.
We should expect a gap from this level ideally to show pre market enthusiasm. But also just to show people people are generally participating in bullish buying, supporting our buying decision. We don't want to see weak buying if we're looking for a price move. We want to see strong proof that there's enthusiasm in any stock that we decide to buy at anytime.
Thanks all.
Tom
