Long icccentering with tight stop, if trade fails then will look for entry on break of 9.40. sl at 8.58 first tp 9,90. will sell half and trail the rest
ICCC trade ideas
BUY: A Micro Cap Company Aiming To Improve The Health Of CattleHere is an idea that I am going to pursue this coming week - feel free to join me.
Let me give you the profile of the company.
Name : ImmuCell Corporation
Sector , Industry, Country: Healthcare | Biotechnology | USA
Plain English Overview :
They create health products, in the form of pills & vaccines, to make for healthier cattle.
The goal is to reduce the use of antibiotics in the American food chain.
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I've divided the fundamentals into 6 parts . These six parts are based on research, and I think they are the most important criteria to consider when thinking about investing in a company, especially a small one.
Fundamentals
VALUE
-- P/B: 1.3
DILUTION
-- 7M shares
QUALITY
-- Debt/Equity < 0.3
-- Long-term debt/equity < 0.3
CASH
-- P/C: 5.3
OWNERSHIP
-- Insider: 28%
-- Institutional: 20%
GROWTH
--Quarterly revenue growth: 11%
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Now let's talk about technicals , briefly.
The stock is at the bottom of its range and is putting in a double bottom with a breakout ('W').
All in all, the stock seems like a pretty good idea to pursue - as long as you position-size (i.e don't risk more than 5%), I think it's not a bad idea. 📈
IMMUCELL: $5.17 Short Target + Watchlist PotentialFirst off don't take anything I say seriously or at face value, this is an opinion basis. As always, I could be wrong. That being said, let us get into the analysis. Doing a fibonacci-based analysis, I think a conservative medium risk target of $5.17 within the next upcoming weeks is feasible. I also think Immucell could have bullish retracement potential from its previous negative correlations last quarters. This means, it may be worth holding on to for a long position as well, but I would need to do more research before being personally confident. Definitely though, a stock on the watchlist. Giving calves immunity for E. coli, coronavirus and rotavirus, as they are hoping, would be high in demand right now. This is for obvious reasons. If there research goes somewhere, it is better to be safer then sorry with food resources. Especially if they get approved processes and end up being bioethically permissible.
