Nice setup in $KPTI, I suggest buying these names with small positions considering the volatility that can occur after catalysts when new data is released, or around FDA approvals, etc. Upside can be substantial though, so if technicals and fundamentals align, it's worth keeping some exposure. Best of luck! Cheers, Ivan Labrie.
Falling wedge idea for KPTI. Areas above the arrows up are very similar hence I propose a breakout of the falling wedge is coming. Falling wedges are considered a bullish pattern.
NASDAQ:KPTI Possible Scenario: Long Evidence: Price Action, IH&S, Money-Flow TP1: 7.85$ Call options, 01/21/2022, Strike 7.5$ *This is my idea and could be wrong 100%
Possible flag above 8.53, Stop signal 7.81, Target 1 9.87 , Target 2 Momentum
Should manage to move between those trend lines.