$SRNE needs time I think this has a range to stay within if its going to survive
Ideally it will stay within the 86 to 70 cent region, any further break down and we are in no mans land.
Even now we are in uncharted waters for this stock which has traditionally show much support and bounce at $1.45
Sub $1 can either be a steal or bad news bears. would DCA in this position and be optimistic for new developments in 2023
SRNE
Sorrento Therapeutics post Zenith. SRNESpeculating end of A Wave, now in the beginning of an Elliott triangle or a variation of ABCDE pattern. Bearish. Early stage of pivot if real, as none of the volatility, parabolism, volume weight indicators have caught up yet. And it shows - I have not bothered to wait for confirmation. Agressive stance therfore.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Long | SRNENASDAQ:SRNE
Possible Scenario: LONG
Evidence: Price Action, Break-out confirmed
TP1: 11.30$
Call options 17th Sep, Strike 9$ is safest bet
*This is my idea and could be wrong 100%.
SRNE Start new rallie?I think that in final of August SRNE start a new rallie, I hope that start early than I think.
On the graph you can see my prediction lines :
Red -> Resistance that if overcome will become support.
Orange -> Our resistance lines that we try to broke, I think that will broke the bearish trend almost late Agust, September 1th and we take over the line of 9,5$ resistance. 9,5$ will pass to do our support.
Yellow -> Our bulish trend and our major resistance and support lines.
At that moment we will have a Golden Cross if the trend remains bullish, in addition the MACD indicator seems to want to turn around.
God luck to all!
F/U on SRNE: Are we in contracting triangle?My last post in January was wrong. Here is how it looks to me now. Often volume drops toward the end of the triangle.
Personally I will take profits at "D". Process your way. Have a good week.
SRNE News....Key AreaThis could be an important area for SRNE right now. You've got Fibs and major moving averages all converging at the same point. News today:
"Sorrento Therapeutics, Inc. (Nasdaq: SRNE, "Sorrento"), a clinical and commercial stage biopharmaceutical company developing new therapies to treat cancer, pain and COVID-19, announced today the availability of a presentation on its corporate website to provide an overview of Sorrento’s proprietary mRNA vaccine development program for COVID-19."
The presentation can be viewed at: investors.sorrentotherapeutics.com
Funny to think this was just a penny stock not that long ago:
Sorrento Therapeutics Inc. (SRNE Stock Report) is actually still one of the popular stocks on Robinhood this month. Compared to where it was trading in March, 2020, SRNE stock is trading at levels night and day different this month. In fact, SRNE stock hasn’t been considered a penny stock since the end of June. The range has gone from lows of $1.55 to highs of $19.39 so far.
Quote Source & Read More: Are Penny Stocks Worth It? 5 That Hit It Out Of The Park In 2020
Sorrento TherapeuticsSorrento is trading within the clear yellow channel. A lot is in the pipeline, but on any relevant news, according to my chart it has been perfectly trading within this pennant. Fibonacci levels will act as resistance and the price will be shorted down again when reached.
DR JI IS BACK FOR HIS REVENGE. SRNE FALLING WEDGE AND GAP FILL DR JI IS BACK FOR HIS REVENGE. SRNE FALLING WEDGE AND GAP FILL TO 12s can be seen.
Dr Ji will always burn the shorts. Shorts, get ready to cover yourself.
The Week Ahead: MJ, SRNE, INO, NKLA, XOP, ICLN, IWM PremiumLooking for the juice? Here's where it's at ... .
Options Highly Liquid Single Name >$10/Share With Earnings in the Rear View, Sorted By 30-Day with a >50% Cut-Off:
CRON (43/236) (Cannabis)
AMC (21/218) (Theatres)
TLRY (40/185) (Cannabis)
SRNE (5/165) (Biotech)
INO (4/145) (Biotech)
ACB (11/127) (Cannabis)
NKLA (12/125) (EV)
CGC (23/99) (Cannabis)
NCLH (4/99) (Cruise Lines)
NIO (34/97) (ADR; EV)
M (5/80) (Retail)
IQ (13/75) (ADR; Internet)
RCL (2/72) (Cruise Lines)
DKNG (5/69) (Online Gambling)
CLDR (6/64) (Software)
JD (28/61) (ADR; Internet Retail)
DDOG (19/61) (Software)
GPS (10/54) (Apparel)
AEO (1/52) (Apparel)
Options Highly Liquid Exchange-Traded Funds, Sorted By 30-Day, With a >35% Cut-Off:
MJ (47/80) (Cannabis)
XOP (6/57) (Oil and Gas)
ICLN (10/54) (Clean Energy)
LIT (40/52) (Battery Tech)
JETS (1/46) (Airlines)
EWU (3/46) (United Kingdom)
XBI (20/44) (Biotech)
EWZ (3/43) (Brazil)
XLE (6/41) (Energy)
GDX (3/39) (Gold Miners)
KRE (6/38) (Regional Banks)
SLV (8/38) (Silver)
XLK (7/36) (Technology)
Broad Market, Sorted by 30-Day:
IWM (7/31)
QQQ (10/31)
SPY (3/20)
DIA (0/20)
EFA (2/15)
The Pictured Trade:
Depicted here is an MJ July 16th (124 DTE) 17 short put, which was paying 1.11 at the mid price as of Friday close, 6.99% ROC at max as a function of notional risk (20.6% annualized). This is quite a bit more long-dated than I like to go generally, so I'll probably wait for a May monthly to open up (probably next week after the March monthly drops off) before considering doing anything. Similarly, neither ICLN, LIT, nor JETS have May monthlies yet and April will have a gotten a bit short in duration (currently 33 DTE) for those like me who prefer to work with a 45 day or less wheel house.
SRNE - Beginning of third wave, maybe..As long as the company continues to provide decent news and progress, I believe this pattern will prove itself.
The market went down hard at yesterday's session and recovered strongly, I believe that SRNE weak hands were washed out in that move and now it will be easier for it to move towards the highs.
If the volume goes down and the price will move sideways/down for more than a week than consider the plan cancelled.
SRNE Falling WedgeI didn't want to publish this idea, but I put it public in case it comes true. I hope to get the end right.
I'm a beginner and I'm learning so I accept any comments.
No quería publicar esta idea, pero la pongo pública por si se cumple. Espero acertar el final.
Soy novato y estoy aprendiendo así que acepto cualquier comentario al respeto.
SRNE walk up SRNE have been volatile for awhile but one of the best player in the COVID time , analyst targeting high price 25$ to 30$ and currently undervalue considering the revenue from the test kit alone and may be going to target price with further development in the pipeline products and more development in the treatment and vaccine
SRNE bullish setupSRNE has been a very bullish stock. Nice consolidation, wait for the break, and go long!
$FLDM - once again break of TL play.. this time may be bigger ...$FLDM ..w earnings early Feb and as Covid19 plays run today, diagnostics/ genomes all in ONE here w/ FLDM
SRNE - Beginning of the big move.Currently shorts are controlling the stock. Seems that it found it's support and we might see a short squeeze in the upcoming 1-3 weeks.
SRNE SORRENTO THERAPEUTICS BEST CEO EVER 10$ SHORT SQUEEZE Accurate Due Diligence in the links below. Best CEO ever, dr HENRY JI phd. Target price 10$ so he can unload his shares!
SRNE has 30% short interest. Short squeeze incoming
dont short it! dont ruin your family!
twitter.com
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SRNE Trade Plan (11/27)-(12-11)Below 5.70 Short
PT @4.79
Ideal PT @3.40
SL @5.32
Above 7.26 Long
PT @7.97
PT @8.33
Ideal PT @10.31 then 11.76
SL @6.65
Leaning on bullish as long as it holds above @5.6. Holding below @5.32 and we'll retest @4.79 then @3.40 rock solid support.
**REQUEST** $AAL $INO $DKNG $SRNE *QUICK TA*Thanks @smallcapper on Stocktwits for reaching out! Here ya go!
SRNE uptrend continuation signal 1. Nice divergence on the 4 hour chart with RSI hidden divergence that indicates trend continuation
2. 30 minutes chart shows multiple bullish divergence
Good entry at 9.5
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Long Gild - Covid Drug ($MRNA $GSK $INO $SPY $PFE $JNJ $MRK)see full chart at www.tradingview.com
Gild
Entry $62 area
Target 1 $67
Target 2 $71
stoploss $59
Why this play?
Trump used Gild's drug as part of his treatment, if he pulls thru with a full recovery. they will probably start pumping the news about this company and it'll finally have enough momentum to move back to the upside.
What is Gild?
Gilead Sciences, Inc., is an American biopharmaceutical company headquartered in Foster City, California that researches, develops and commercializes drugs. The company focuses primarily on antiviral drugs used in the treatment of HIV, hepatitis B, hepatitis C, and influenza, including Harvoni and Sovaldi.
Notable price upgrades
Sep-30-20 Resumed Jefferies Buy $78
Sep-15-20 Upgrade Maxim Group Hold → Buy $88
