VTVT trade ideas
VTVT Bearish Earnings PlayAs we see in this daily chart, after a tightening Bollinger Band VTVT broke to the downside on the close of last week when the sector, and SPY was still providing strong tailwinds. That is what turned me bearish on this name as it moves into earnings on Feb 27. The setup
shown on this daily chart makes it very clear. The 3 MAs; 5, 8, and 13 day are above as resistance, as well as, the VWAP all pointing downward.
How I'm playing it : Normally I would buy PUTS but no options are available on RH, so I will use eTrade to short it. If it breaks 2.34 it should head down and test the 200 DMA down around $1.90 in this timeframe at the moment. I will enter the short at around $2.30 setting a stop at $2.62. Ride the price down to the $2.10 sell some of my position for profit and let the rest ride down to the $2.00 physiological with hopes it will drop down to the sell target at $1.85. RSI will be oversold so a bounce could happen. Just a note I
will be watching the BioPharma sector during the trade although VTVT has traded opposite the sector and also didn't ramp with other sector names recently.
Full Disclosure: At the time of this writing I do not have a position in ROKU. This trade idea is for educational purposes only, I am not a financial advisor, do not follow me or anyone else for that matter blind into a trade. No one loves your money as much as you do, do your own due diligence and seek professional financial advice when necessary.
$VTVT more upside with Insider buying & MacAndrew acquire sharesVTVT had news on Phase 2 study and it spiked 21%
It close pretty strong as it stayed within the 5min chart break out zone.
Possible runner tomorrow or a few days as I do see accumulation going on.
Reason:
1. Indicators is still strong and positive with RSI divergence on daily. MACD positive
2. Price still within the channel of support.
3. Overall, the company has been doing well. No debt and sales are starting to look promising. The offering last year has made this VTVT more attractive and institutional buyer has purchased in late dec 2018 www.sec.gov
Also, insider had also purchase shares: finviz.com
Swing idea: Enter near orange line / SL at Red line
Daytrade Idea: Enter at break of 3.10 with tight SL or wait to enter break of the trend line (blue)
Over 3.23 will probably go parabolic so set your stops and scale out to take profits.
REMEMBER:
1. have a strategy entering and exiting
2. cut your losses fast (or avg down if you've plan to enter with smaller size)
3. honor your stops
But this is not the bottom...The exchange rate builds a decreasing dual wave structure. Currently, the second wave structure is being built. If the theory is the correct further bottom point. This can be somewhere around the 0.1551 level. We expect a rise from this level. The rise can be characterized by the formation of a triple wave structure. The support shafts can also be provided with a triple-sloped D1ATR shaft system. The target price of the exchange can be around the level of 4.65 usd. But I signal that this is a result of a motion analysis of more than 1 year.
looking bad, collapse underway?Not much to hang your hopes on here, it looks like a double top with the second top being a head and shoulders. The divergence between RSI and price at the two tops is tenuous, but I wish it wasn't even possible to consider it. As far as the financial statement is concerned, it says the IPO was in 2015 and I guess it's standard procedure for biotechs to lose money for some years but you'd think that a solid company would wait to go public until they were nearly profitable, wouldn't you? Anyway, I'm down 26% from where I bought in, that's the limit for me really and I'd have bailed today except for the small rise... Thanks for any perspective!
Recap on a big win!VTVT is looking ugly now, as expected after 2 nice rallies. This is just a quick recap on our call at $1.38 which hit a HOD of $2.67 bouncing off the downtrend line. The previous day was about 50/50 bulls and bears so we were watching out for the RSI to break over 30 for confirmation.
VTVT Therapeutics Inc , looks like next ROCKET penny stock!!Please look into this penny stock further if you decide to invest in VTVT. This stock is at a all time low and strong support area (around $4.00). Next scheduled earnings report is on 5/2/2017. Wait for a blow off candlestick going now downwards and reversal on daily (Harami, Engulfing or Pin-bar) candlestick pattern to go Bullish. F.Y.I.-- Most brokers forecasts range from $12-$28, on average of around $18. This is one to jump on early and keep for rest of year soon.
just for gamblersAlthough the company could be doomed (awful financials), I think price movements for VTVT could be exploited by gamblers and are interesting as a sort of academic study. There appears to be a stubborn resistance at about 7.60 which has frustrated the recent buyers. I thought that the huge increase in volume on December 29th and January 23rd might push through but it's back into a descending wedge. It looks like it could approach a $4 low, do you think that there's a realistic hope of a 30% gain in shorting it now?