Personalis, personally yours. PSNLGreen. Same cycle synchronicity as the other biotech stocks. Expect climbs here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
PSNL
US Stock In Play: $PSNL (Personalis Inc)$PSNL have just broken out of its 6 months Trend Channel; coinciding with an immediate breakout of its Ascending Triangle chart pattern. The counter have now rallied to a total gain of +20.61% from its chart pattern breakout during the week.
The development of the highlighted patterns were contested on 23rd November 2020 (greyed), with $PSNL encountering its largest sell off of the year. The intraday -17.89% session was accompanied with volume exceeding more than 250% above its 50D volume average, which invoked fear among the retail community of this counter.
On the flip side, the close of that bearish market session have $PSNL remains supported at its 50DMA level, with insufficient weakness to test the major support at $24.00. The scenario have indefinitely presented a very optimal bullish opportunity with all the weak hands being flushed out, reinforcing the trend channel momentum of $PSNL.
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Stocks to Watch 11/29/2020The Bull Market is strong, but many stocks are extended and sentiment seems to be extremely bullish. I am cautious with new buys until the sentiment cools off a little. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some "COVID" stocks which may be setting up again. . Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!