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Progenity (PROG) situationProgenity Inc is a biotechnology company. It is engaged in developing and commercializing molecular testing products as well as innovating in the field of precision medicine. Revenue source is from Innatal, Preparent, and pathology molecular testing. Recently announced $40 Million Private Placement (8-k) Launches strategic transformation by eliminating costs of Progenity Genetics Lab and focusing on robust, innovative R&D pipeline. With focuses on: --> Cost-Focus --> New opportunities and innovation --> Continued development of GI-targeted therapeutics and oral biopharmaceuticals delivery system (OBDS) A variety of "Analysts" state that PROG is either a buy or hold as they expect increases in revenue and EPS Insider (Athyrium) buying since the 3rd around $47 millions dollars A new fraud case has been opened against Officers and Directors of Progenity for over billing the US government by 10.3 million dollars
P
by Mikey_Scali
2
EOSusdt #EOSUSDTWhat is EOS? EOS is a blockchain-based decentralized operating system that is designed to create, host, and support secure, decentralized autonomous applications (dApps) and smart contracts. ... one organization, EOS was launched by Dan Larimer, who is also the founder and creator of established platforms like Bitshares and Steam. #EOS has rank #20 in coinmarket cap in Crypto currency market. Mainly, we have reached previous targets as you can see. My prediction is based on Fibonachi projection and $9 is not really far-fitch. In LONG-term we can reach $11 as the time goes by. If you agree, leave me a comment, Thanks
BITFINEX:EOSUSD
by Moah9090
7
Dip BuyCredit Suisse is one of the most credible investment banks with various arms of business that has given them a phenomenal balance sheet. The recent Archegos implosion may put some clients on edge and although the bank has had to sell some hefty positions, it is expected that such a strong company will return. RSI has reset and bounced showing a reversal may be imminent. The stock should follow as buyers step in to buy the dip. Long over 10.4, Short under, PT back to fair value at $21, phenomenal risk return.
NYSE:CS
by Samirp01
Bearish fears looming or are traders losing there edge??After this thoroughly rough week i have noticed that among traders on the ASX fear looms have been spreading, from untrusty discord chats all the way to journalist articles. However market movements to the downside are just as normal as bullish days. In fact they are often needed to bring the market and all who trades back to reality. This post is to do outline the possibilities of the future and what traders may come to expect. Of course this is not financial advice and what I say should only be taken as a grain of salt. I will mention both Technical analysis features aswell as Fundamental. In regards to technical analysis the ASX 200 tells a variety of stories and possibility's. For example it appears the market is forming an ascending triangle, and for all those that trade this pattern it is well known that once price action breaks the triangle it will determine the future price direction. Therefore if the price breaks above the top of the triangle it can be said it will result in a bullish run, likewise a break on the bottom on the triangle singles a drop in price. What I take from this that within the upcoming weeks will determine the direction of the market so "only time will tell". In regards to resistance and support levels I would say there multiple significant levels that will need to be broken for future market movement. As shown below if the upcoming market is bullish I would only confirm this once the price level "6851.5" is broken and then treated as a support level. My reasoning for this is the past months have struggled staying above this level and can inhibit the progression of the post crash bull run. A final significant level I would outline as a key support level will be "6370 " this level has not been broken since the march crash and has only been broken with strong price action. These levels will be posted below for clarity Despite what retail investors have been saying it appears that a bearish outlook is not all round as the XVI is at "normal" levels and does not show any signs of distress or volatility. Which brings me to a hypothesis that the noise I hear is actually new traders who have a lack of experience in the market being distressed with "red days". To do with fundamental research from looking at director transactions a large majority have been buying stocks in moderately large volume. Where as of the time i am writing this there is a current 1:11 sell vs buy ratio. What this tells me inside investors have little fear of what the market outlook is and rather care about the quality of the company. Overall I have a neutral outlook on the Australian Market where a trend in either direction will be no surprise. As a trader we should focus on trading what we know and sticking to well developed thought out plans. I hope this can benefit traders like myself. If you found my brief research helpful a like will be much appreciated :)
ASX:XJO
by Mikey_Scali
GBPUSD Swing trade. On this specific pair we are looking at a price that just broke above a very strong structure which was a Monthly and Weekly resistance and just completed a retest of that zone. We are looking at a bullish environment on the Monthly, weekly, and daily timeframe alongside with the last report of the COT data which clearly shows a bullish GPD overall. On the 4H timeframe we want to see a market that will shift from a bearish environment to a bullish environment and after breaking above the 1.35700 resistance level we want to see a retest of that level before entering a nice long position for a very good R/R. The targets will be around the area between 1.37000- 1.39000. If you enjoyed this analysis make sure to smash that like Botton and comment below if you have a different opinion or feedback.
Long
by TheDayzen