ICPT - PDUFA date on 22/06/2023This is not a financial advice!
Upcoming catalysts on 18/5/2023 and 22/06/2023
We can accumulate here in the 13 zone, we could drop even furhter to support to the 11 zone.
I assume that wie are seeing a pre run up into the events. One strategy could be only playing that and sell before the news.
SL under 10
TP 1 : 22
If we get a positive results from Events:
TP 2 : 30 Zone
TP 3: 43 Zone
TP4: 50 Zone
Most info on the chart.
Trade carefully!
ICPT trade ideas
ICPT Short$ICPT trading in supply with a head and shoulders pattern. The right shoulder has been consolidating for a while, so the h&S may be rather weak. Also watching for a breakout to the upside if supply is breached.
Alternate Bat/BearishShort interest is a bit over 45% depending on where you look.
Some would calculate targets at these levels.
Bearish Harami right now that can change by close.
When short is this high, sometimes it can cause a squeeze. Not a frequent occurrence but it does happen.
No recommendation.
A short squeeze occurs when a stock moves higher and short sellers decide to cover their short positions or are forced to do so via margin calls. As these short sellers buy the stock, the price rises, potentially creating a situation in which more shorts have to cover.
Intercept Announces Positive Data in Fibrosis due to NASHICPT: Intercept Pharmaceuticals, Inc.
2022-07-07 07:30:00
Intercept Announces Positive Data in Fibrosis due to NASH from a New Analysis of its Phase 3 REGENERATE Study of Obeticholic Acid (OCA)
ICPTThis is not a trade advice, this is my personal opinion and it may be wrong.
Constructive criticism is welcomed!
ICPT has triple confirmed a bottom. There are two high gaps it needs to fill. These gaps are on the daily, and,... do not get filed over night (which comes from OTC moves/"bets"). By mathematical law you cannot add a level or volume without it being on the permanent record (LEDGER)... There is 1 perfect ledger that will fix all of this>>> Understand Bitcoin patterns. They move 24 hours all day you don't find gaps; except in 1, the BTC futures CME.
Intercept Pharmaceuticals Announces Convertible Notes Exchange, ICPT: Intercept Pharmaceuticals, Inc.
2021-08-10 21:43:33
Intercept Pharmaceuticals Announces Convertible Notes Exchange, New Issuance and Stock Repurchase
ICPT - Long Setup Big recent purchase from Director in March. $5m+ at 21.17 and 56% increase. Break above 22.57, Stop signal 19.21. Target 1 27.78., Target 2 Momentum. September $25 call options are $2.25
ICPT - Long Setup Short squeeze candidate. 21.5% short float. Watch for a break of 22.09. Stop signal 20.43. First target 24.43. Second target 25.87.
ICPT LongTry to buy historical low
Downtrend Wedge near breakout
RSI Divergence
WR>-80 (my scripts: Williams %R two lines)
Entry 18
Stop 15
Target 28
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Intercept Pharmaceuticals (ICPT) - Holding Support. Long Setup.Looks like it's ready for a bounce holding support.
Head and Shoulder PatternIf this shape is going to complete its goint to be a reversal for a long term run and now its a good price to buy!. with a stoploss around 17
Must Buy?This looks like a must buy at this point, might go down to an all time low of 17 or even 16, but anything lower seems very unlikely.
$ICPT - for @DreDancesnRunsBetter to stay above 34$ for the next level above 40 (next stair).
Good-luck.
Not recommended to buy or sell ICPT Stocks
Just answered to @DreDancesnRuns question.
Long Term Idea for Intercepts PharmaceuticsHi Guys, I want to show my point of view on ICPT stock, if the actual trend is supported with Volume I think the most conservative target is 60$ because it would try to close the gap, if we want to see it more long term, let's say for the next year a target of 100$ dollars could be reasonable.This Is a small market cap stock so this big movements are very likely to happen.
Leave a comment if you want to give your opinion about $ICPT.
Short squeeze mini series # 23What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
Bottom FishingA symmetrical triangle is noted. S Triangle is a period of consolidation and is often a continuation of prior trend. The prior trend is down. There is no way that I would try and guess which way it will break right now. Short interest over 19%
While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout.
There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.
Not a recommendation
