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CRSP

CRSP: Big orrection after the next rally, but buy-the-dip.I believe that CRSP (Crispr Therapeutics) is about to undergo a severe correction soon. I scaled into this stock during the latter part of 2022 and the first part of 2023 and it is up nearly 70% and has generated about 40% of pure alpha for me relative to the SPX. So this has been an amazing performer for my total portfolio. I believe this run may be nearing a pullback and I expect the correction to be a very severe one. My suggestion is that this will form a triple-bottom/inverse head-and-shoulders pattern because this will be a subwave 2 correction and in theory, it should not overthrow the recent low by very much. I think the post-correction rally will be sizeable (it'll be a macro Wave 3) and the catalyst for this rally will be the steady trend of slowly improving earnings that they have demonstrated over the past year. (3 successive quarters of positive earnings calls - this has not been achieved since 2017) So, in essence, presuming nothing else changes, I believe we should buy the next dip for a significant Wave 3 rally that will exceed the all-time highs. In the meantime, expect lots of volatility, if you don't have the stomach for taking drawdowns or losses in the interim, you may want to sell the next rally so that you can buy back in. I will probably pursue this course of action myself purely as a matter of greed to preserve the alpha I have managed to capture. Happy biotech trading!
NASDAQ:CRSPLong
by RogueEconomics
CRISPR: Crunch time again CRISPR Therapeutics Short Term We look to Sell at 82.82 (stop at 88.85) Previous resistance located at 83.00. Short term oscillators have turned negative. Posted a Bearish Outside candle on the Daily chart. A lower correction is expected. Our profit targets will be 68.87 and 60.76 Resistance: 83.00 / 96.00 / 135.00 Support: 73.00 / 60.50 / 43.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:CRSPShort
by Saxo
CRSP on a major weekly level. What's coming next? Today we will take a look at CRISPR Therapeutics. Which are the main technical elements we can see here? a) The price is against a major Support/Resistance level, working since 2018. The price reaction on these zones tends to provide solid insight into future movements. b) Let's assume the price bounces on the current zone; what can we expect? - A movement towards the descending trendline around 100.00. IF that happens, that would be a take-profit level for me. Why? Because we tend to observe corrections once the price reaches a major level. You don't want to be insight a sideways movement for 100 days c) Let's assume that the price breaks the current level and keeps falling. What can we expect? - A movement towards the ascending trendline around 50.00. That would be the next level where I would start thinking again about bullish reversals. d) I'm a position trader. What is the most relevant level right now to develop setups? -If that's your case, I want to see first a breakout of the descending trendline; IF that happens, I want to see a correction of around 50 days. IF that is the case, I will be interested in trading that breakout for the long term. However, at the moment, we are far away from that situation, and I would stay away from this chart for long-term setups. Thanks for reading! Feel free to share your view of this in the comments.
NASDAQ:CRSP
by ThinkingAntsOk
1
CRSP Crispr Trend Change PossibleThis is a daily chart of CRSP. As you can see, I marked the areas where high volume has occurred in the past. It's a little hard to see as I had to make the vertical lines almost transparent so you could see the candle and the volume I marked. In every recent case a high volume daily candle has marked a trend change. This may not be the case now, but from the looks of it, it would hard to be short after the bulls stepping up like this during a down trend.
NASDAQ:CRSPLong
by ttrending
CRSP: Drop before 50% up move! (Requested by Chartguru1)Blue 12345 = wave 1 of Weekly Green ABC = wave 2 of Weekly This means we can prepare for Wave 3 of Weekly which should take us to retest the $220 high. However, there's strong Supply Zone at $170-180 area. This area seems more likely to halt wave 3's move. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
NASDAQ:CRSPLong
by leslieyimsm
6
WallStreetBets and ARK invest use same PUMP???If anyone uses the same pattern of behavior it becomes easy to detect it. I remember the very first time I found similarities between Crisper and NASDAQ:TSLA Tesla, then similarities between NASDAQ:AQB and NASDAQ:BNGO . there are many different companies with the same price pattern and the missing part of the chain was always ARK invest..! Look at Ford NYSE:F Volume Pattern: Tesla and Crisper: AQB and BNGO: I don't think I'm delusional..! Ever since I found Bill Hwang was the person who provided the seed money for the first 4 Thematic ETFs of ARK investment, I think anything could have been done by them! I became more suspicious when reading Cathie woods interview: "He did provide the seed for our first four ETFs, and we were very grateful to him. It was at a time where market makers were sick of seeding new strategies," Wood said she had sent Hwang a note "wishing him well" after the Archegos collapse. Wood said she had no idea if Hwang had remained a shareholder in Ark ETFs. Who is Bill Hwang? The CEO of the Archegous family office with a Brilliant financial history! He'd been accused of insider trading by U.S. securities regulators or that he pleaded guilty to wire fraud on behalf of Tiger Asia in 2012. The SEC maintained its prohibition on Hwang managing money for clients, preventing him from getting back into the hedge fund game. Do you know the meaning of Archegos? Archegos is a Greek word that means one who leads the way. I will not wonder if it turns out Cathie Wood was led by Bill Hwang in the past 7 years. Do you think it is possible Cathie Wood Doesn't know Bill Hwang is still a shareholder in ARK investment or not? the very same guy who provided the seed money..! Reference: www.yahoo.com www.bloomberg.com
NASDAQ:COIN
by Moshkelgosha
6
The Glorious Days of ARK Invest has been passed...I have published many short analyses on ARKK, and other funds managed by ARK Invest and Cathie Wood. Some people may think I have personal problems with her or ARK Invest, but this is not true. I do research and analysis in the financial markets since 12 years ago. I started this when I was a 4th-grade medical student. Since I was, and I am a bookworm, it wouldn't be a false claim if I say I have read more than 100k pages of books and financial articles in the past 12 years! (my best record ever is reading a 680 pages book in less than 2 days) My favorite Topic in the financial world is Bubbles and the different stages of their development. Why financial bubbles are so attractive? Because bubbles are the real game-changers! They create new generations of millionaires and billionaires while making many broke! I believe Bubbles are a "Zero Summation" game. From beginning to end no real value is created during any financial bubble! Those who get on board in the primary stages of any bubble will be the winners if they are not greedy and take the primary capital out of the trade at right time! These people are not average investors, and usually are less than 1% of the investors' population. I believe ARK invest did a great job between March 18, 2020, to February 16, 2021. ARKK their flagship fund made +305% in profits in less than 11 months! 3 times more than Russell 2000, 4 times more than NASDAQ, 6 times more than S&P 500 and Dow jones! From a financial point of view, this is one of the best performances ever, no doubt. They achieved this in one of the best bullish rallies ever, the second-best in the last 35 years, after that 9 months from June 1999 to March 2000 when NASDAQ experienced a +140% growth. Do you know what happened after that? NASDAQ corrected more than 83% in the next 31 months, in the financial world it is called the ".com bubble" since then. NASDAQ Performance in the last 35 years: NET NET Fund an Example of "Thematic Investing" 24 years ago It would be interesting for you to review the NET NET fund story between 1997 and 2000. The NetNet Fund, which is focused on Internet stocks, for three years rode the tech bubble into the stratosphere and ballooned from about $10 million in assets in 1997, a year after its inception, to about $12 billion when Munder closed the fund in April 2000. Could ARK Invest be the next NET NET fund? I believe to answer this question we should review their portfolio management when the market went south. For instance: A: ARKK Feb 19th 2020 - March 18th 2020: B: ARKK Sep 2018 - Dec2018: C: ARKK Jan 2016 - Feb 2016 I think it would even be better to look at a bigger picture and check the ARKK performance from start in October 2014 to February 2021: The bright side +668% gain in the first 6 years. (76 Months) The dark side: losing 40% of whatever they had achieved in the past 6.5 years in the last 4 months: By now you must know that she and her "Thematic Investing" project is in very very big trouble! Although she successfully managed to manipulate the market using the power of social media in the past 6 years, she forgot that this only works in a Bullish market. Usually, when bullish markets reach their ends, they start correction from the most ballooned assets! In our case, you can check EV makers and Biotechnology companies! Most of them corrected more than 50% in the past 4 months! For instance Tesla and Crisper, you can find here stories about how promising the future will be for these two companies: Tesla: lost 39% of its value in the past 4 months: Crisper: lost 56% of its value in the past 4 months: I think I provide enough examples to show that the ARK Invest management team has very good performance in bullish rallies but they have no skill to manage their fund during previous corrections in the market! In the above example, you see during the past major corrections they always underperform and correct more than all four major indexes. Things will become more interesting when you notice she invested 99.72% of the available cash, and she hopes for market recovery! The top 10 holdings of ARKK with almost 50% weight, have lost their value between 18-52% in the past 3 months! If you patient enough to read this article you must know I provide evidence for all the claims! In conclusion, I believe ARK Invest did not invest in the growth stocks because they believe in the future of these companies, they invest in these companies because they knew they were able to sell their stories to inexperienced investors using their pyramid social media networks and on the top of all Youtube! The very same method used by Elon Musk in the cryptocurrency market using his Twitter account and Chamath Palihapitiya using SPACS...! Don't forget the author of this article warned everyone about 1- EV makers correction as early as February 18th, 2021: 2- Bitcoin Crash as early as April 13th, 2021 when it was 63.8K: 3- Tesla correction as early as February 17, 2021: 4- ARKK correction February 22, 2021 5- The cryptocurrency market crash on May 14, 2021, exactly 72 hours before it happened. ( I updated my status on all my social media and TradingView and warned about the Whole Cryptocurrency Market will Crash soon) Moshkelgosha
AMEX:ARKKShort
by Moshkelgosha
6
Social media trading bubble example..!One of my favorite methods of analysis is the correlation study! here you can see a correlation study of AQB vs BNGO. When you look at this comparison it is easier to understand. I did another on Tesla vs crisper, as well. AQB was in the ARK investment portfolio and all over social media..! But they recently dumped it and sold most of it. BNGO has never been in their portfolio, but if you do a quick search on social media, you will find all sorts of trading gurus who explain the rumors that Ark invest will pure money into this soon and it will be skyrocketed to moon..! Please ask yourself: Why an automaker (Tesla) should have the very same price pattern Crisper a Genomic & Biotechnology company have??? Albert Einstein: The definition of insanity is doing the same thing over and over and expecting different results.
NASDAQ:AQBEducation
by Moshkelgosha
8
CRSP short trade updates on weekly chartHere is my follow up update on original CRSP swing short trade idea I put up on January 14th. On this post, I am zooming out to weekly chart, looking at longer time frame to capture cyclical trends. Going back all the way to 2017 inception period, the higher than average volatilities are pretty easy to notice. It moves up really fast but also coming down. Every single time it has entered bear market or the sell signal is triggered, it has corrected well into double digit, easily averaging over 50%. In addition, RSI being overbought and high level PPO bearish cross overs are clear indication to trend reversal as well. Lastly, the week is too young still to comment yet but as of the end of today's session, it has taken down the up trend line as well on the weekly chart. There are plenty of time left in the week to recover the trend line but we shall see. It would be bullish if it can snap back above by the end of this week. I do not think CRSP will drop to my potential max targets without decent double digit correction in SPY and QQQ. I will comment on this post after the Friday close to see where it will be by then. If anyone has any thoughts either bullish or bearish, I would love to hear from you. Also, if you find it interesting, please follow me here. Have a good trade everyone, T.
NASDAQ:CRSPShort
by TK0421
2