#IGMS - Long Term TargetThis targets are also including fundamental analysis but also technical.
Our strategy is based on complicated research so I want to simplfy and just have to give targets.
Risk/Reward ratio is 3.91 which is very good
IGMS trade ideas
Pay attention to IGMS... :-)Pay attention to IGMS...
Gets out of shuffling with high trading volume
Entrance - $14.50
First target - $28
Second target - $46
NASDAQ:IGMS
IGMS a cash burning biotechnology stock SHORTIGMS is down about 70% YTD with no end is sight as the cash burn is greater than
the analyst's estimates.On the 2H chart, the midline of the Bollinger Bands has had
a persistent negative slope. Overall, IGMS is very shortable if shares can be found at
a low cost. I will watch for a correction of the upgoing price toward the middle of the Bollinger
Bands especially on a lower time frame such as 30-60 minutes and then target the bottom
of the Bollinger Bands on the daily chart for an estimated 25-30% profit. The entry would be at
the confluence of the POC line and then BB midline as a bounce down from that resistance.
This will be a great trade if S & P / SPY makes a deeper correction than already seen. There
was an opportunity one week ago and I think it will come again.
( IGMS ) DOWN WE GO! According to my graph analysis, IGMS is over bought and doesn’t seem to have anymore room to continue it’s upward trend. As presented within the chart on a 15 minute time frame, it was rejected 2 times before descending down a bit. Sell now!
Ichimoku entry IGMSDecisive cloudbreak with perfect alignment on the cloud twist and lagging span crossover.
stoploss: 62.58
trailing stop: 2.31, conditional on price reaching 76.44
IGMS likely bullish .NASDAQ:IGMS is likely to continue up towards the 74 , It might return to bounce off the white line before continuing towards the 74 .
But If the green line is closed above significantly in an upcoming day there would be a considerable chance that it would continue up towards the 97-100 green rectangle area .
