Bullish on Rewalk Robotics. RWLKB Wave most likely looking for 0.236, 0.3 retrace on the Fib. I don't normally trade B waves, but like all things in life there are exceptions. This is early in the game and very close to pivot and we are at the daily assessing the situation. Given these factors, might as well give one a try. But even then the market always has a mind of its own.
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!
RWLK
ReWalk Robotics (NASDAQ: $RWLK) Appears Oversold & Undervalued🤖ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes wearable robotic exoskeletons for individuals with mobility impairments or other medical conditions in Israel, the United States, Europe, the Asia-Pacific, Latin America, and Africa. It offers ReWalk Personal and ReWalk Rehabilitation for spinal cord injuries and everyday use by paraplegic individuals at home and in communities; ReStore, a soft exo-suit intended for used in the rehabilitation of individuals with lower limb disability due to stroke; and MyoCycle and MediTouch tutor movement biofeedback devices for use at home or in clinic. It markets and sells its products directly to third party payers, institutions, and individuals, as well as through distributors. The company was formerly known as Argo Medical Technologies Ltd. and changed its name to ReWalk Robotics Ltd. ReWalk Robotics Ltd. was founded in 2001 and is headquartered in Yokneam Ilit, Israel.
What do you think??NASDAQ:RWLK
I think the chart is self-explanatory. I believe the reversal has happened, the price action is bullish, and this is the 3rd wave we are in right now.
*This is not an investment or trading suggestion
**You can use it at your own risk!!
All the best :)
I wonder if it would follow this! What are your thoughts?NASDAQ:RWLK
Since the intense February has passed, I am curious to know if it would bounce back. It is showing a mild uptrend for the past couple of days. The RSI and MACD show a mild buy signal, and even though the volatility is low, it is still indicating an uptrend.
Before the previous uptrend (28 Jan to 16 Feb), there was a -28% drop in the price for half a cycle followed by a +144% uptrend for 2 cycles. Now it seems like it is bouncing back. The previous downtrend took nearly one cycle, so I wonder if it would follow the same ratio.
I am curious to know what you think?
LONG VERO 75% UPSIDEVERO starting to look bullish. I have outlined two targets that I will be looking at. LONG.
+100% gain in less than 100 days..!Potential gain:125%
Reward/Risk:>4
Timeframe: <100 days
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
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You can even send TradingView coins to motivate me publish more ideas..!
RWLK- Possible day trade & swing trade opportunity. RWLK seems forming a fallen angel pattern. Very low price, could be some excellent day-trading opportunity. If it can break through its 20 day moving average, we would consider a long position.
And for longer term trade we would like to see strong break or $3
You can check our detailed analysis on RWLK in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 3:45"
Trade Status: Pending
Swing Trade Ideas for RWLKRewalk Robotics was mentioned recently for the employment of their technology with a paralyzed patient, granting him the ability to walk again with the assistance of their exoskeleton product ( www.news8000.com ). Volume has been light these past few months, but most of the stock's volume has taken place towards the higher end of the 52-week high range. RSI has crossed the over-sold limit (now at 30.74), TTM Squeeze is approaching the Mid-line, and CM_Williams Vix has a decreasing slope hinting towards a bottom. All good signs of a change in momentum or a change in the slope of the stock's price level. Three possible price targets are located at $7.90, $8.60, and $9.25 given the existing resistance lines. The CM_Williams Vix indicator may serve to be the best indication of whether or not each of these price targets is a short-term top. If the histogram plots continually shorter gray bars, the shortest one will be the closest to a short-term top, signaling a decay in momentum.
The Above represents my ideas and opinions alone and is not trading tips, advice or picks.
Long RWLKThis could be a good mover, but thin trade on avg volume use caution but may turn out to be a good run
