ALLO trade ideas
BUY to ALLOGENE THERAPEUTICS DailyHello traders, ALLOGENE THERAPEUTICS is in a bullish movement with a candle carrying water and a slowdown in the purchase volume issued. On TIMEFRAME M1 we observed a form of marubozu followed by a short shadow with a return of negotiated buy volume, it tried to fill a bearish breakout gap. To move towards his last previous lower, make his swallow then come back to test the highest of the bollinger and finish on the top of the consolidation zone for a new check.
Great possibility of breaking out the price with a return of momentum thereafter to the zone to reach the second and stick to the next high. Before one excesses for the breakout of a consolidation zone then two (on the TIMEFRAME FRAME H4) and several resistance to yield. In full rise to the end GANN FAN.
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ALLO wedge breakout-ALLO has broken out of a falling wedge consolidation
-Breakout occurred after finding support at the 61.8% retracement of move off the March low and 100% of the A move lower (which appear to agree on the $31 range), and the $33.5-35.5 area that acted as resistance on 5 prior occasions
ALLO doughAnalysis done on 25/05/2020
Fundamental
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
Awaiting buy trigger
→ CCI <-100
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
Pull trigger
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
Stop Loss
→ 50% below price bought
GOOD THINGS Allogene Therapeutics, Inc. operates as a biotechnology company. The Company develops allogeneic chimeric antigen receptor T-cell therapy for the treatment of blood cancers and solid tumor. "chimeric antigen receptor T (CAR-T) cells is said anti leukemia role, and can be used to treat or prevent relapse by targeting minimal residual disease for patients undergoing allogeneic hematopoietic stem cell transplantation (allo-HSCT). On May 13 2020 their stock chart value bearish $30.90. maybe because of this CORONA our pharmaceuticals focuses on developing COVID 19 kits but today their stock chart value is said hit $43.53 Anyone feel like it will potentially run more? Wanna Know more about BULLISH strategy READ MORE:
ALLO D1 100% upside BEST level to BUY(STOCKS)before we kick start the update. your upvotes/subs are appreciated.
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So without further due. Keep it short/simple and to the point.
ALLO D1 100% upside BEST level to BUY(STOCKS)
Very strong V-shape recovery on 2d chart, resistance
overhead, BUY dips later near mirror horizontal S/R
level, which is close to 25.00.
This is BUY/HOLD setup. 100% gains possible, but
obviously required 4-12 weeks until TP.
Overall, Biotech Sector looks set to outperform
S&P/DOW in 2020, it's the year when biotech get's
a strong boost, as multiple biotech stocks are
already producing massive gains, and I expect
this outperformance to last into end of 2020.
good luck traders!
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