NKTR High Tight Flag- Pre-Earnings High Flyer LONG
Updated
NKTR is due for earnings on August 8th. The price from the opening bell on the 7th
pump nearly 100% to over $1.00 and then faded by a couple of cents.
The Price Momentum Oscillator and ZL MACD indicators tracked the high velocity
action into a high tight type bull falg which is often considered to be predictive
of another leg up of similar magnitude. I will be watching this in the premarket
upcoming and also at the report of earnings. I hope to catch a decent ride.
If I do get it I will quit the ride as soon as the indicators flip signals. This could
be a good one. Buyer anticipation and sentiment could yield great profit in little
time the money is exposed to the market.
pump nearly 100% to over $1.00 and then faded by a couple of cents.
The Price Momentum Oscillator and ZL MACD indicators tracked the high velocity
action into a high tight type bull falg which is often considered to be predictive
of another leg up of similar magnitude. I will be watching this in the premarket
upcoming and also at the report of earnings. I hope to catch a decent ride.
If I do get it I will quit the ride as soon as the indicators flip signals. This could
be a good one. Buyer anticipation and sentiment could yield great profit in little
time the money is exposed to the market.
Trade active
Price is down a tiny bit compared with the uptrend. Expecting more consolidation and accumulation before another leg up. Patience and good trade management is the key.Trade active
Consolidation continues.
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