Generation Bio Co bullishGeneration Bio Co. operates as a biotechnology company. The Company engages in developing genetic medicines through gene therapy platform for intrinsic hepatic diseases and systemic diseases.
GBIO trade ideas
$GBIO - important level to break$35-35.5 - breaking this level opens the road to target 1: $43
Target 2: 48 is potential if trend is broken
GBIO Bouncing Off High-Volume AreaGeneration Bio stock is triggering long on both a technical and fundamental bases. Two company insiders (board members) bought the stock in their personal accounts for a total investment of $599,000.
Additionally, GBIO is bouncing off it's high-volume areas where buyers have a history of stepping in and accumulating shares.
I'm a few days late on this one, but I like it as a long for an eventual re-test of all-time highs.
GBIOSHORT-TERM: Local divergence on the 4hr and potential hidden bullish divergence on the daily, over a critical support, entry has to be tactical though. (Stock market is volatile right now and not financial advice)
GBIO is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Generation Bio is an innovative genetic medicine company creating a new class of gene therapy.
The share price is rising and gonna continue this trend today.
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 today.
So I opened a long position from $23,31;
take-profit — $28,53;
stop-loss — $21,57.
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.
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