Long

EVGN: Leading Expanding Diagonal? Looks attractive to me!

Updated

A buddy of mine mentioned this when we spoke about "high conviction trades" My HCT is 3D printing. This is his. I took a look and it appears we're setting up for what appears to be a potential 5th wave of a leading diagonal. This in theory if it proves to be right, should kick off the first motive cycle. Right now it looks like it can go either way. If price breaks out bullish thru the current structure I think we will be in for a treat. All in all, seems like a solid play. I'll be looking for buy setups from now till exhaustion is seen on the 5th wave of the cycle.

What are your views on EVGN? Solid biotech pick, or a meme stonk?

Thanks for looking, and I'm looking forward to others opinions! Trade safely!

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Started my position, lower time had a good setup.

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looking for the continuation!

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appears we have a nice little flat here. Going to add some more soon

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Possible lower degree flat. Looking to add some more soon

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picked up 70 shares this morning. First stock other than zom that I have that many. Wanted to try my hand at covered calls. Might not be the best equity for it but.... we will see!

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Bias is still up!

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looks like either way is still in play. Could be the 3rd impulse or a lower degree C wave to make a new low. This will invalidate the diagonal view.

adambiers

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