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Double Bottom Chart PatternCompany info Applied Genetic Technologies Corporation is a clinal stage biotechnology company that develops transformational genetic therapies for patients suffering from rare and debilitating diseases. Sector analysis for AGTC Both the AGTC and WVE in my other trade idea have the same sector. The main ETF for this sector is the Health Care Select Sector SPDR Fund. However, there is an issue. Both these stocks are near all-time lows while the ETF is near an all-time high. So, the stocks are lagging behind. So, if you are going to trade these stocks be wary that they are going against the general market trend and there could also be other reasons as to why these stocks are not following the market. Double Bottom Analysis Type: Adam and Eve Length between Valleys: 5 weeks Volume Trend: Larger on the left valley Breakeven Failure Rate: 12% Throwback Rate: 67% Average Rise: 43% Price Target: 3.79 Percentage Change: 111% The length between the two valleys is within the ideal range at 5 weeks. Concerning volume, it is larger on the left side but not significantly. There does seem to be a downward trend of volume going from the left valley to the right valley. But this trend begins at the end of the left valley at the price spike that follows. The great thing about this patterns is, the stock is very close to their all-time lows. The left valley low was the all-time low. This means the stock has great upward potential. However, as stated above, the stock is not following the general market trend. Also, the stock has been on a downward trend since its inception. Regardless, the pattern is following all ideals even though the stock isn't. So, the pattern strengths are 3/5.
ALong
by BlackbearTrader
Double Bottom Chart PatternCompany info Amazon.com, Inc. is a company that engages in the retail sale of consumer products and subscriptions internationally and North America. It sells merchandise and content purchased for resale from third-party sellers. The company also manufactures a range of electronic devices. Sector analysis The main ETF that tracks this sector is the Vanguard Consumer Discretionary ETF. Over the last four months, the ETF has been on a decline. Mainly led by inflation worries. AMZN has also been following a similar pattern. So, I would keep an eye on this ETF. If you see the ETF falling, you can expect AMZN to possibly follow suit. Double Bottom Analysis Type: Eve and Adam Length between Valleys: 5 weeks Volume Trend: None Breakeven Failure Rate: 12% Throwback Rate: 67% Average Rise: 42% Price Target: 3677.06 Percentage Change: 14% The length between the two valleys is 5 weeks. This is ideal. As it means the strength of this double bottom could potentially be stronger. There isn’t a volume trend for AMZN between the two valleys. The volume seems to be higher on these two valleys compared to prior price movements but that’s it. Also, just like the stock above, AMZN is near its all-time high which could pose some issues concerning potential upward movement. However, this is a major blue-chip stock. This means two things. The positive is that the stock is are already near the confirmation line and has great volatility to break through and maybe reach the price target. The negative is that you will have to look out for any news concerning this stock to see if there is something that could lead to a throwback or a breakeven. Furthermore, as stated above, the stock has been on a decline along with the ETF, so there could be a rebound upward and this double bottom could be profitable, or the stock could rebound now and fall downwards after hitting the confirmation line that can act as a resistance level. So, I would pay attention to the ETF. Watch any news concerning Amazon and inflationary issues so gauge if the stock will break through the confirmation line and if this chart pattern will work. Henceforth I am giving this double bottom a pattern strength of 2/5
NASDAQ:AMZNLong
by BlackbearTrader
2
Bitcoin is getting left behind Gold and DXYHello Friends! Going into the weekend, it can go either way. On the bullish side, Bitcoin MUST take out $45K 1st. Then I see BTC moving up to test 2 levels ($48.5K and $53K). On the bearish side, if Bitcoin FAILS $37.7K then I see potentially 3 downside targets ($34.4K,$32.9K, and $29.4K) As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
BITSTAMP:BTCUSD
by MoneyFishing
$TSLA bullish momentum confirmation so Tesla started to have huge volatility cause we visited our strong support above the 777$, now if we never visited this level again this will confirm that will see price of Tesla go to all time high, however we have one resistant to confirm our bullish momentum which is at our descending line , and we have to close at least 1h candle above our level, we might see bit of rejection today, if that happens we should hold this time above 884 to confirm that we will break or resistant near the 949$.
NASDAQ:TSLALong
by TRADING-JESUS
Apple 15M ChartPrevious Double Bottom Pattern (Invalidated) New Pattern: Symmetrical Triangle Price target if breakout to the upside: $168- $169 Price Target if break to the downside: $150- $151 If Price Breaks Above Top of Triangle: Wait for a Retest (to confirm support), Then Enter Long If Price Breaks Below Bottom of the triangle, Wait for a Retest (to confirm resistance), Then Enter Short Note: Tomorrows Fed meeting could have either positive or negative implications for the Market in General.
NASDAQ:AAPL
by NicoDaCheeko
40K the price to hold for BTCBitcoin is currently at a pivotal point. If we can hold the 40k lvl, a bullish move upwards is possible. In that case, we should try to gain the previous range (45K). And a rejection of the previous range is also possible. if we can't keep the 40k lvl and close a (at least a 4 hour) candle below it, we can see a fast move towards 35/36k. The VPVR shows that between 45k and 36k very little handles volume has taken place. Around 36k we see the volume increases drastically, this shows where there may be support and where there is willingness to buy. Let's wait and see...
BITFINEX:BTCUSD
by ADBCrypto
VET/BTCDirectional Bias: Bullish Pattern Type: Non-Directional This pattern is comprised of three phases and looks a bit simular to a frying pan. There is the Lead-in Phase, the Bump Phase and the Uphill Run. The lead-in phase is the handle of the frying pan before a larger decline. Following the decline, The bump phase forms as the price forms a flat or rounded bottom. The uphill run phase is after the breakout. For this type of formation to be analyzed an arithmetic scale will need to be used. Volume description: Volume is typically high at the beginning of each phase and decreases throughout each phase. Measuring technique: The price target is the descending trendline drawn across the hihgs in the lead-in phase.
Short
by AnitaDollar
1
Fortescue Metals: as long as 18.17 is support look for 21.54Alternative scenario: the downside breakout of 18.17 would call for 17.2 and 16.29. My pivot point stands at 18.17. My preference: as long as 18.17 is support look for 21.54. Comment: The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 18.88 and 16.89). Trade Safe - Jimster45
ASX:FMGLong
by Jimster45
1
QNRX first FDA-approved treatment for Netherton SyndromeQuoin Pharmaceuticals (NASDAQ: QNRX ) is positioned to deliver the first FDA-approved treatment for Netherton Syndrome, a devastating disorder which affects 1 in every 200,000 people worldwide. This month, QNRX Signed Multiple Exclusive Distribution Agreements for in various regions of the globe for its Lead Asset, QRX003, for Netherton Syndrome. JMP Securities Initiated Coverage on Quoin Pharmaceuticals, Ltd. ( QNRX ) with a Market Outperform rating and a price target of 8usd. QNRX is massively oversold having a bullish divergence chart formation and fundamentals that can skyrocket the price to 12 usd in my opinion! Could be a Great buy opportunity at $1.91 today!
NASDAQ:QNRXLong
by TopgOptions
6
$SPY — Market Forecast, 12/18/21We closed out last week with a spinning top on an increase in volume. I actually think we have to go a bit higher to fill that slightly-open gap to the upside before we pull back. Not all markets are going to be trading in sync, so pick and choose which positions you want and be careful with how you’re spreading the market in this particular point in time. So my initial price target is an upside move to $465, before a pullback down to $455 and this being a two-part forecast puts the target date just before the new year.
AMEX:SPY
by OptionsAddicts
CWBR antiaging stock Price Target I think antiaging stocks will be the new FAANGS in 5 to 10 years. Immortality here, on earth, is the next frontier for the medicine. CohBar is developing mitochondria-based therapeutics for the treatment of chronic and age-related diseases. On 11/12/2021 Cantor Fitzgerald brokerage Initiated Coverage on CWBR with an Overweight rating and a price target of $2.50. This all time low looks like a great buy opportunity for me. Looking forward to read your opinion on it.
CLong
by TopgOptions
2