1CG trade ideas
$CRSP - a blast from the pastLast year, I made nice gains from this ticker.
As you can see in the chart, it has taken a beating.
It gave me false signals in March that it was rebounding.
It is, again, giving me signals but this time the signals are quite a bit more impressive. Instead of meandering its way above key levels, yesterday it made a power move through the level.
It is now on its volume shelf and it will run into its next bag holders around $155, where I assume it will take time to digest that level before again moving higher.
For now, I am moderately adding to my position with patience.
After $157 I will get more aggressive, with tight stop loss, to ride this stock to reach all time highs (above $220).
Of my three genome stocks that I hold and play, CRSP is the strongest and healthiest play that has the highest confidence.
Because I have been burned by this before, I use caution and discipline and do not enter without hitting key levels. It can just as easily reverse on you and the losses are stomach churning.
CRSP - Adam & Eve (bullish)CRSP had an bearish H&S formation earlier which saw it fell to a low of $100 on 5 March. It then traded in a wide sideway range of 106-137 for most of the next 7 weeks and eventually an Adam and Eve pattern has emerged.
The Adam & Eve ((A&E) is variation of the "double bottom" formation. The neckline is currently at 137. As soon as it started trading above 137, we could see a sustainable move to the eventual A&E target of about $174, which incidentally is also the 62% fib retracement up of the recent swing down.
I would place an initial Stop Loss just below $123 and move this stop up should the trade goes to at least $145.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
CRISPER, Adam and eve bottom? Target price $145, $167I was long prior to this post (see previous CRSP post. symmetric triangle break out, bullish trade)
Now from a symmetric triangle break out, looking like a A&E double bottom
A clean break from $135 will lead to two target prices
- $145 - top of paralell channel, also coincides with 20 weekly MA resistance
- $167 - Price target of A&E formation.
Happy trading.
Is CRSP trading in an Ascending Triangle?It appears as though CRSP is potentially bottoming out and forming an Ascending Triangle pattern.
On the DMI there's been a bullish twist where I have placed the blue downward pointing finger.
On the KST there's been a bullish cross where I have placed the blue check mark and upon back-testing the red line we've seen a bullish bounce where another check mark.
CRSP back to all time highsCRSP has taken a beating over the past few months, but they are still the leader in gene editing. It looks like we are starting to see a rotation of money back into genomics, which will play a crucial role in avoiding these pandemics in the future. CRSP has broken out of the wedge that it has been trading in and we are likely to see a 9/50 EMA cross over very soon. I love this company long.
CRSP - Stonk BreakoutCRSP - Major buy trigger on the daily chart for you stonk investors.
Looking to retest the $170-$220 zone.
Just triple bounced off the 200 day exponential moving average (green line), looking to breakthrough the 100 day exponential moving average (blue line).
Bullish in the long term on CRSPR.
Lets rake in those M's baby!!
Let me know your thoughts on this analysis & CRSP if you are invested in it!
Not financial advice lol