BEAM trade ideas
Channel tradeThis stock has been on a tear. last 2 times it touched its channel bottom its moved up 30% in a few days.. 3rd time charm?
BEAM to $106If Beam can break above $100.21 and hold then i'll be looking to take this up to $106.41
BEAM to Continue on Bull RunBEAM is past it's recent secondary offering and based on positive news is now moving into a double break out close by the end of the Santa Clause rally in late January.
$BEAM can rise in the next daysContextual immersion trading strategy idea.
Beam Therapeutics Inc., a biotechnology company, engages in developing precision genetic medicines for patients suffering from serious diseases in the United States.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $21,45;
stop-loss — $19,62.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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BEAM THERAPEUTICS INC
Hey, traders.
even though it's in the green zone before it opens, in general, the paper looks like short below 15.
It has accumulated well, but when was out of the channel, it could not get fixed in the long zone.
It's possible that the trade won't happen today. But I will definitely leave the paper for the next few days.
Actually, Buffett broke the news background. It's gonna be a tough trading day.
Be careful with the entrance.
I'm also looking at HTZ. I'm waiting for news of either bankruptcy or the fact that they will deposit 500 millions. The chart will show everything, perhaps a good ride today.
