CRSP has more downside to 95 and hopefully to 72
It appears as though CRSP is potentially bottoming out and forming an Ascending Triangle pattern. On the DMI there's been a bullish twist where I have placed the blue downward pointing finger. On the KST there's been a bullish cross where I have placed the blue check mark and upon back-testing the red line we've seen a bullish bounce where another check mark.
Here 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...
Some key indicators are pointing to a possible short term bottom here for both CRSP and EDIT. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
This company had average 230k trading volume before Ark invest touched it. The very next day trading volume increased 49.5x to 11.39 million and price skyrocketed 36% in 2 days! If you think they are longterm investor who invest in disrupting innovations, check what they did to AQB, OR CRSP..!
In this chart you see comparison between Tesla and Crisper. You may think comparing an automaker with a medical company is craziness! But you can not deny the the correlation you see in the charts, unless you have severe visual problem! Question: why should an automaker and a medical company have the same pattern? Answer: They both were ARK invest...
Coming in as the 13th largest position in the ARKG ETF with a 2.68% weight (as of 02/18/2021), CRISPR Therapeutics AG is arguably one of Cathie Wood's favorite play in this space. Since hitting the Highs of $220.20 on 01/15/2021, $CRSP has been on a steady decline to the lows of $142.15, forming a clear Head & Shoulder pattern on the daily chart in the process....
The stop-loss that I set for myself for the H&S invalidation play was absolutely obliterated today. We have broken below both the neckline of the head & shoulder and the support of the bullish channel. This puts the level of $84 to $110 absolutely in play. Unless we are able to break back above the bullish channel and the neckline, the H&S pattern will complete...
Price is at 50% retrace from Nov 3rd at around 86$. major support at the current price level. I believe it is still ARKG's top holding at the moment with lots of the biotech took a hit since beginning of the year. This might be a golden opportunity to get back into the CRSP/EDIT/NTLA stocks. I am starting adding to my positions. Disclaimer, this is only...
Not a financial advice. Do your own research and have a happy trading. possible buy opportunity at CRISPR, the pullback seems to be over, the company - the big leader among gene-editing pioneers - is extraordinary, the current capitalization of 12, B poae rises in the next max 5 years to 100B. Green resistance is the maximum reached by the company since it is listed.
NASDAQ:CRSP is holding its support and just bonce today from 50 MA. Swing play. Buy price: 163.39, Potential target: 219.42 & stop loss: 144.73. Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
I have some history with CRSP. It's been one of my favorite biotech stocks in the last few years. I like it here. Above 177 likely launches a vertical move up. First idea on CRSP: Last post on CRSP:
ARK Favorite, looks like a great entry point to me, I hold 8% portfolio at the moment haha
Here is the updated chart on CRSP short trade I posted on January 14th. It's been down 23% since the date it was posted. So far so good. First target was hit today and managed to keep above as I have expected. I expect more downside in days to come. XBI sector can break down anytime too now. Literally one red day will do. My next target is the bottom of the...
Price has been going up with the CMF diverging negatively -- could be a warning sign. 20 period CMF even crossed down 0. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Here is my short case on CRSP: - at the top of trading channel started since Feb 2020 - over bought reading on RSI - both PPO and RSI shows very clear divergence high Starting building a position as it hits the top of the channel and scale in as it moves down. Impulsive break of the wedge should move it down to the support at $161. Reaction will be likely,...
CRISPR is on our watchlist is a leading gene editing company focused on developing transformative gene-based medicines for serious diseases using its proprietary CRISPR/Cas9 platform. Look to establish longs with dips into 124 Tier 1 and then 115 Tier 2.