STRO a biotech startup flips into positive earnings LONGSTRO on a 240 minute chart got trader interest out of earnings that were projected to be net
cash outflow into reported actual earnings. This is a remarkable turnaround. The RSI lines
surged. The predictive algorithm which relies on a lookback of the regression line for analysis
toward the future forecasts a move up much higher. I will take a long trade here seeking 50-60%
in a month although the forecast is for a doubling.
STRO trade ideas
STRO: Ascending Triangle, Confirmed and filledAscending Triangle, confirmed and filled 100%
For educational purpose.
Pros:
Descending Volume during formation
Volume at break out
PPS above 50Ma and 200MA
RS climbing and above 50
ATR ascending, more volatile
Cons:
200MA flat
Target:
PT = 1300$ = filled 100%