NVTA
NVTA reversal set-upThere's a little gas left in the tank for one small push to 34.25, giving us a repeat to the H&S from March to May 2019
E:30.28 (be sure trend has changed)
T:34.25
S:29.29
NVTA best in class.Description
Invitae Corporation, a medical genetics company, processes DNA-containing samples, analyzes information related to patient-specific genetic variation, and generates test reports for clinicians and their patients in the United States, Canada, and internationally. It offers genetic tests in various clinical areas, including hereditary cancer, cardiology, neurology, pediatrics, metabolic conditions, and rare diseases; prenatal and perinatal genetic tests; and non-invasive prenatal screening products. The company also provides preimplantation and carrier screening for inherited disorders; products for prenatal diagnosis, miscarriage analysis, and pediatric developmental disorders; a platform for collecting, curating, coordinating, and delivering data from patients and clinicians; and CancerGene Connect, a platform for collecting and managing genetic family histories to deliver personalized genetic risk information. It serves patients, healthcare providers, and biopharma and advocacy partners. Invitae Corporation has a collaboration with Gene Therapies Ltd. for the detection of lysosomal storage disorders in children. The company was formerly known as Locus Development, Inc. and changed its name to Invitae Corporation in 2012. Invitae Corporation was founded in 2010 and is headquartered in San Francisco, California.
NVTA - Another leg higher is closePrice is in a descending broadening wedge. Watch for a breakout. I am long
$CRSP Consolidation Channel Long Right Now$CRSP has formed a perfect consolidation channel between $86 & $97. The daily squeeze momentum is turning positive after this 6 week consolidation and looks ready to make a move to new highs, potentially above $100 to $120. Long $CRSP and other gene editing stocks like $EDIT $TWST $NVTA $NTLA $CLLS which have very similar setups/positive momentum. Buy the 9/18 $100 calls for around $5 and stand to make out nicely on a breakout move above $100.
NVTA BreakoutClose above $30.5 should do it. Targeting $40
MA's stacked, stock looks like it's bracing for liftoff again
NVTA - Bearish - Monday Morning IdeaNVTA recently formed a double top.
It looks like the pattern formed a bear flag after the double top.
It just broke the consolidation of the bear flag and is continuing down.
Trend just turned bearish on the Weekly view.
To me this indicates I can enter the trend that started, rather than try to get in front of a trend reversal.
If I get on these, I will probably hold options for only a week (put spread or call credit spread).
NVTA options are only available as monthly's.
I will update if I enter position.
Exits
If price goes above $17.93 (white resistance downtrend line)
30% profit or greater
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC
NVTA - Upward momentum long from $11 or $12.13NVTA - Original entry was suggested at 11.00 or a break above 12.13. Still looking great! Momentum Target, however would consider updating stop signal to 11.43
