Speculative play on $GLSI
Updated
Hello fellow traders and all of you beautiful people that read my analyses. If you follow the markets you know that GLSI rallied over 2,900% in one single day on hopes of a new phase of their breast cancer treatment (bit.ly/3c1ySx4). If you were in it, I have to congratulate you. That is almost 30X your money in a single day! I truly hope you took some profits because that type of rally doesn't happen every day (or ever).
Well, I was not in it but I am going to try and take advantage of the current situation. After that crazy rally, the price retraced about 80% and found support on the 14-ema and then the 21-ema. That support has been holding for several days and price is right above it, making this a perfect entry point since a stop can be placed right below the emas. Risk/reward is more than worth it on this one.
It could take a while for the price to move up (if it does), but I am willing to risk some coins on this play. I have made similar speculative play on AMEX:ISR that generated about 150% profit in about a week. You can see the charts here. I am hoping this one will pan out as well.
If you enter this one, be aware that the price could also gap down so be on the watch. Use a small portion of your portfolio for this. At least that is what I am doing.
Safe trades!
Share the love:
If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Well, I was not in it but I am going to try and take advantage of the current situation. After that crazy rally, the price retraced about 80% and found support on the 14-ema and then the 21-ema. That support has been holding for several days and price is right above it, making this a perfect entry point since a stop can be placed right below the emas. Risk/reward is more than worth it on this one.
It could take a while for the price to move up (if it does), but I am willing to risk some coins on this play. I have made similar speculative play on AMEX:ISR that generated about 150% profit in about a week. You can see the charts here. I am hoping this one will pan out as well.
If you enter this one, be aware that the price could also gap down so be on the watch. Use a small portion of your portfolio for this. At least that is what I am doing.
Safe trades!
Share the love:
If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Note
Big spike on GLSI. 15% up in 5m!Note
Closed half of my position at $39.5. Now back to accumulating.
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