CRSP is going to rally hard leading up to it's next earnings.You're gonna want to go long on this. www.tradingview.com
0VRQ trade ideas
CRSP - Ready for BreakoutWhile CSPR did finish Friday down 3.7% it also happened to close on top of what was previous resistance during it's late 2019 rally. If it were to break below this level my next target would be the psychological $50 area which has acted as solid resistance on the way up and should now provide good support. Support at $50 would also confirm retracement to the 61.8 fib level potentially signaling the bottom of this correction. Lastly i would like to mention the RSI which as of Feb 07 was sitting at 35.13. During the previous breakout the RSI was much higher and resulted in a double top. This time it would seem that we have even more fuel in the tank.
CRSPDoubt it will climb any higher, if it clears 56.29 could move to 0.382, but looking at momentum and RSI it doesn't look promising.
Waiting for breakout in Crispr Therapeutics
Bullish channel devolved and a perfect retrace complete.
Large time-frame you will see a massive Cup and Handle pattern developing
Average analysts price target $74 | Overweight
Short interest 9%
Company profile
CRISPR Therapeutics AG engages in the development and commercialization of therapies derived from genome-editing technology. Its proprietary platform CRISPR/Cas9-based therapeutics allows for precise and directed changes to genomic DNA. The company was founded by Rodger Novak, Emmanuelle Charpentier, and Shaun Patrick Foy in 2014 and is headquartered in Zug, Switzerland.
Trade Journal: Short CRSP - 1/23/2020Shorted CRSP today based on the descending triangle pattern on the Daily Chart. CRSP has recently rejected a previous high and looks to be pulling back/down trending. I am expecting CRSP to continue this down trend till around the 200MA on the daily chart at 50.00.
Entry - 56.70
Stop Loss - 59.50
Target 1 - 50.00
Target 2 - 45-46
Tightening falling wedge pattern with agressive breakout?57$ looks like it's holding up before close and there has been no agressive sell off from these levels. I'm wondering if this might be the turning point for this stock before it goes higher. Looks interesting from an elliot wave perspective and there could be some fundamental catalysts for this stock with the corona virus headlines. I read an article about virus problems in chickens and how they had solved it with CRISPR. This is just me speculating but to me it looks like a good entry point if the wedge/pennant breaks. It also looks like it could be oversold pretty soon.
CRSPR analysisConsidering the fib relations (not shown) this is my most likely count. If the upper horizontal line gets crashed, the sky is the limit.
[Long Idea] CRSPGood safety data regarding their trials.
Technically bullish setup especially as of Friday.
Can be entered now with tight risk management.
Can wait for breakout over 74, becomes more bullish.
See also EDIT and NTLA.
Continuation Play Idea1-hour candle chart using the 20-period moving average as a breakdown/breakout trigger. The longer that the price action stays under the moving average the higher the probability of a continuation breakout pattern.
CRISPR Therapeutics AG, a gene editing company, focuses on developing transformative gene-based medicines for serious diseases (like sickle cell disease).
CRISPR is on its way to make a huge run higherLast year I published my interest in this stock with a medium term bearish view. I now see new major highs are on the horizon.
Long term EW count for CRSPWe are in the midst of a 3rd wave, should get new ATHs when iii of iii of 3 is underway
Still Going Strong (Trend Shift Indicator)Volume Flow is still positive,
Early signals still positive - neutral,
Look for market correlated drops as entry points.
CRSP - Crappy stock or Bullish Harmonic possibilities up?CRSP has been beaten up recently, yet the time for selling may be behind us now. Please look at the green long term channel that we are in now. Notice the green buy and sell signals indicated with the small ellipses.
Next lets take a look at the possible black up channel, that indicates a faster slope for us.
If we see price break higher as shown by the green arrow, at 53.90, then we know that the black channel is in play.
Next lets look at some of the harmonic patterns that may be in play.
First up is the Gartley pattern. We should see price reach the 78.6% retracement of the brutal sell off. Please see the red pattern. Typically after that area is reached, we expect a 38-62% pullback. However if the black channel is in place, I'd be thinking we would only get a small 38% pullback as shown by the pink "possible" trail drawn.
Next could be the Deep crab pattern as shown in purple. This uses the first 86% bounce of the brutal sell off as a measuring stick to indicate which pattern to look for, and the Deep Crab fits the bill nicely.
Next, let's take a big picture point of view and look at the whole sell off. Looking at the recent bounce to the ideal 61.8% zone (as shown with the green pattern) we can expect a nice long run to the 161.8% extension using the Crab pattern. .. Very nice....
So lets see if these harmonics give us a clue as to the possible turning points (based on price-not time) as each pattern completes, we can expect a pullback to shake out the traders that can't believe how good CRSP stock price is doing...
CRSP - ascending fib channelWatching this one. Many stocks have entered this parallel channel pattern since the beginning of 2019.
Fib channel shows good heartline support.
It all depends on what happens with the financial system and stock market in general, but nice swings have been playing out here.
100% Buy Signal on CRSPThe Megalodon indicators are giving us a buy signal on CRSP Therapeutics! The backtesting results are 100% on this stock so don't miss out on these profits!
The Megalodon indicator uses a machine learning algorithm, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! You will also receive real time buy and sell signals for the stock market, cryptocurrency, as well as forex markets! We also busy completed our cryptocurrency automated trade bot. It trades for you, using our backtested indicator with phenomenal results! So try it today!!!
LONG $CRSP trending in the defined channelLONG $CRSP as it is trending up inside a well defined channel
Is CRSP going to "technically" break the bear trend this weekIn my previous post on #CRISPR I talked about the Green upward sloping trendline & how every time CRSPR has traded on or below it since May 2017 we've seen parabolic action.
I don't want to say I told you so, but we've seen some parabolic action.
To my surprise, the parabolic movement came the news of Vertex upfront payment of $175 million upfront payment. Specifically, Vertex gets worldwide rights for CRISPR/Cas9 technology along with other items such as AAV vectors for DMD and DM1. This deal totals just about $1 billion when you factor in all milestone payments for these programs, plus royalties.
Moving on to the chart now..
It appears as though CRSP is about to "technically" breakout of the bear trend which started in May 2018 after reaching ATH's.
The blue downward sloping trendlines are the attached to the swing highs, and one has already been broken to the upside, which could be considered the first real confirmation of a trend reversal. Once the second blue downward sloping trendline is broken to the upside CRSP is "technically" out of the bear trend, IMO.
Time will tell per usual.
$CRSP back in uptrend channel...go long with stop loss$CRSP back in uptrend channel...go long with stop loss
CRSP is trading in an Ascending Triangle. Since July 2017, every time CRSP has traded on or below the Green upward sloping trendline CRSP has seen some parabolic action.
Time will tell per usual.
