NKTR SHORT 1-Year, Historical supports show more downside.
Updated
I joined NKTR at the ~12.67 in Jan. 2017. I did not see this historical chart prior to selling early 2018, and then upping the ante throughout 2018, learning more about options contracts as well. Now that I am at a loss of ~8K, with a cost basis in the mid-40's, I see that even though Bristol-Myers Squibb made a huge investment, the trend should continue downward, barring any medical break-through, reaching supports around $28, $22, and $16. NOT FINANCIAL ADVICE. Let me know what you think. Leave a comment below. Thank you for the consideration.
Note
A broader look at SPX, MSFT, and a couple other charts, may be showing this worsening across the board, as the charts show similarities to the drops in 2000-2001 e-market crash, worse than the 2008 recession. I pray that im wrong. The tech bubble may be ready to bust. To many companies, to many companies for investors and institutions, loans on investments, et cetera. (I capitulated. A bull turned into a bear. Sorry)Trade active
hmmm.Note
In all honesty, I am new at this and hoped this did not happen. Seeing it happen in real time is exhausting. Three January options left. Shares sold at Stop Loss.
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.