SDGR
US Stock In Play: $SDGR (Schrodinger Inc)$SDGR recovered from its low range support with a confirmation of Bullish Reversal Hammer Candlestick on 12th November 2020, also trading above its 50DMA in 4 months. The subsequent rally have also played out a Bullish Double Bottom chart pattern breakout on 23rd November 2020, defining a mid term trend channel during the run up.
At the current junction, Schrodinger Inc closing of $74.26 this morning signify a immediate challenge towards breaking its current week’s minor resistance at $75.25, targeting a rally towards $80 which coincide with the upper trendline resistance; along with a bearish runaway gap resistance window that happened on 24th July 2020.
SDGR Bullish Continuation 3 Rising Valleys Breakout from initial swing high followed by a retracement to the PivotPoint/14EMA giving us a Southern Doji Bullish Continuation followed by another long wick rejection of the PivotPoint/14EMA.
3 Rising Valleys Long Entry: 42.15
Price Target: 65.84
Stop: 35.85
Southern Doji Bullish Continuation Entry: 53.52
Price Target: 63.63
Stop: 49.72
Schrödinger $SDGRRecent IPO Schrödinger extends its existing collaboration with AstraZeneca, $AZN, aimed at enhancing the former's Free Energy Perturbation technology for the optimization of key properties of biologics, particularly binding affinity. As technically, it is rising and needs to break the trendlines and hold above $45.
HUGE POTENTIAL FOR THIS COMPANY , EXPONENTIAL RETURN FOR 2020 !!the most disruptive software platform to ever hit the pharmaceutical industry, which also happens to be backed by the world’s most sophisticated investors, has just gone public.
Rare disruptive company backed by Bill Gates and D E Shaw
Invested 10000 dollars and will add up along the way
Exited journey