GERN
I hadn't published this March 27th, 2018 (Evening). Was having some difficulties with internet-provider.
This was my current evaluation of GERN.
This is of course, a personal analysis and not much in-depth because of current workload at work.
Anyways, as I had saw it dropping towards 200EMA and if it had dropped (which it did), would have been an easy 5-10% gain. I didn't expect the 22% drop which was a surprise.
RSI is hitting rock bottom so expect a 3-5% rebound towards the UPSIDE as they'd call "Dead-Cat-Bounce". Then continuation towards DOWNSIDE.
As where I think this is heading, a possibly $3.70 but if we're in for a treat a juicy $2.70 :) (1-2mo projection)
Just my thoughts, take with a grain of salt and always be tight on risk-management.
This was my current evaluation of GERN.
This is of course, a personal analysis and not much in-depth because of current workload at work.
Anyways, as I had saw it dropping towards 200EMA and if it had dropped (which it did), would have been an easy 5-10% gain. I didn't expect the 22% drop which was a surprise.
- The overall trend is going to be a negative one, because it's completely losing momentum.
- The company has released documentation within the Needham Healthcare Conference (not sure If I'm allowed links but I'll supply one from SeekingAlpha [Reputable-Source] in case anyone would like to review (for themselves) seekingalpha.com/article/4159610-geron-gern-presents-needham-company-17th-annual-healthcare-conference-slideshow
RSI is hitting rock bottom so expect a 3-5% rebound towards the UPSIDE as they'd call "Dead-Cat-Bounce". Then continuation towards DOWNSIDE.
As where I think this is heading, a possibly $3.70 but if we're in for a treat a juicy $2.70 :) (1-2mo projection)
Just my thoughts, take with a grain of salt and always be tight on risk-management.
Note
As expected, a 5% rebound. We still have about 2-hours before market close.Honestly, I did not expect todays (3/29/2018) consensus to be a very positive one [ earlier this morning we were near the borderline of 10%].
The beauty of the market is, it changes and if you don't change with it, you'll get killed.
So my short term, short was successful yesterday (3/28/2018) [instead of the 5%-10% gain, the highest possibility was 22% which was extraordinary].
Now I was LONG this stock earlier but then switched to a short. The overall talk on the streets of GERN is quite a positive BULLISH one. I'll have to reevaluate tonight and see where this is heading towards the longer-term.
Happy Trading :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.