We can observe how the price continues to decline within the descending channel. Current pullback might present a solid RR selling opportunity.
It must be 420 somewhere, since the Jazz Pharmaceuticals stock is paving its way higher and higher to ultimately reach the orange target zone. Once the blue wave (b) is completed, the stock should drop all the way below the $125.36 support line and continue the correction until the end of the green wave within the yellow trading area. Once the course has hit the...
As one of few micro-cap with real revenues (40% growth) blessed with huge market potential and very competent managment, I suspect the company will be bought out by one of the SPACs with too much cash but no real business. Patience is likely to be rewarded handsomely. Volumes have been tripling for days, a prelude to some excitement to come?
After basing for many years, CDXC is showing signs of awakening. Stocks are being accumulated but not aggressively. It's one of few bio stocks with insider buying at the current price. The co is likely on track doing $200 mil revenue in 2 or 3 years, 10X of the 200 mil revenue = 2 bil market cap, with about 62 mil shares O/S. Potentially huge valuation...
Waiting for the price to break to the upside after consolidating inside the descending wedge Negative momentum on the MACD decreases as price moves to lower lows -bullish divergence. First target for profits the 0.12128 high to 0.11322 low 0.5 fib level Second target the 0.12599 to 0.11322 low 0.5 fib level which happens to coincide with the 0.618 of the...
Bear trap, could be a flag, still bullish. Not out of the question, but unlikely. .05 retracement, compare the RSI. Make your move. Crashing through 5k resistance? Miners must be running at a deficit due to Chinese regulation. Elliot Waves are especially useful. Bart: Eat my shorts.
As the entire Pharma sector seems to be moving higher, JAZZ appears ready to join in. Finding support at the 75sma it is now moving away from it higher. Watch the double top, a break above that would be bullish. IMHO