Completed backtest off familiar level + very strong bounce, strong like bull
This hadn't popped up on my scans, but it is: 1: Sitting on 20ma after decent pullback 2: Sitting on volume shelf 3: Just added by ARKK after hours. This could fly tomorrow. Might be worth staying up late (1:30am my time) to try to get s good position. I don't think this will be a R3G type of start out the gate. I see a Gap & Go possibility.
ARKG has been buying CDXS on this current falling wedge. I am sure they did their DD. There is a pattern of CDXS dipping before breaking above the poll high. Using symmetrical patterns from prior price action patterns, the play can form a Cup & Handle pattern to the resistance. Entries: $16.44 , $15.77, $14.95 2-3 months swing PT: $22 then All TIme High
It's true, I am a technical trader. But I am an overall investor when buying for the long haul. CDXS has dipped back below its IPO price, and the CEO has just purchased 10,000 shares of stock with his own money. He has sold stock in the past, but they were all options exercises, exercised and sold same day for a much higher price. Basically free money. His overall...