$HTGM Daily ChartCurrent Fib levels. Looking to hold 38.6 fib line (11.31) for continuation towards $15.
HTGM
Possible Triple Bottom for HTGMPossible triple bottom for NASDAQ:HTGM , If we break the resistance I believe its a goof buying opportunity.
Is HTGM just full of ABCD patterns?HTGM on the 1 hr chart. I swear this ticker is full of ABCD patterns!
I am learning to identify ABCD patterns, and i am hoping my observations are accurate here.
I see a large ascending ABCD pattern leading to a huge descending ABCD pattern.
At the bottom I see a small descending ABCD pattern, which appears to be starting its upward movement.
I have setup 2 fibs, extension and retracement, both showing potential PT range of 3.50-3.90 with 3.75 looking very doable.
Hopefully I am right because I entered this thing at 0.3094!
Let's see how it goes!
HTG Molecular Diagnostics (HTGM) long.All description on the chart.
Please, don't forget to like and follow.
Thank you.
Buy Half At $2.90ish tomorrow, Add Through $3.00, or $2.75This is purely a technical play. Support was established twice - first on the 24th, and also on the 31st. Activity has been dry for some time, with volatility decreased significantly relative to earlier this year. Accumulation occurred at that support on those two days, as you can see with the bollinger bands, with both days having measurably increased volume. Also, and this is just something to take note of, it is at the 78% retracement line. No surprise earnings or high probability calamities seem to be over the hill in the near term. I can't see them doing an offering with the volume the way it is right now. I haven't fully researched the filings, but from what I remember, they issued or renegotiated a convertible note back in April. Due own due diligence if you have the time, but the near term risks seem low right now for a swing trade. Stop should be 10% of position
