Device 908 Nasdaq Clear 5 waves up and so far current downward pattern looks to me as a double zigzag.
break of a channel WXY is the first indication of the next impulse.
then 12 setup will be the next indication.
MASS trade ideas
$MASS, growth stock close to breakout908 Devices Inc is in the Medical-Research Eqp/Svc Group. It develops analytical devices for chemical and biomoecular solutions.
The price made a shortfall within the channel that has been forming since January. This shortfall may signal a breakout in the right direction.
I would buy it with a target sell at its next resistance level which is at $29, that's a +20% profit. Play this trade with your own risk/reward strategy. I'm sure I will.
Also just recently, the company tweeted: "Proud to share our #MX908 device was chosen by the U.S. Army to provide chemical identification in their #AugmentedReality training program, ensuring optimal safety when encountering unidentified substances".
$MASS HTF IBO Long#1 Main Watch List
$MASS HTF IBO Long
Monthly - Bullish candle
Weekly - Break out of falling wedge
Daily - MACD divergence/0.382/emas/wave 2 pullback
LTF - 4HR wave 4 pullback/0.50fib/50 ema
- 1HR forming descending triangle
Cons - New stock with very limited HTF PA
- 1HR may have completed wave 5 (depends on your read)
Entry - 1HR close above 50 ema
RR - 3 (1.618 fib extension)
Management - Long term
Perfect setup - one more day of decel further forming the 1HR descending triangle with an entry on Monday
MASS Bullish Divergence 40% upside potentialAssessment:
1. Bullish divergence on daily timeframe (RSI/MACD)
2. Tested falling wedge however Volume is low. Probably falling wedge is not completely tested
3. ARK Invest increased its stake by 17% in July/August
4. Dragonfly doji on weekly timefame
5. Double bottom on daily timframe.
6. CCI
7. Look at the analogy with TSP
Action:
1. Accumulate from 33 to 31 (average out the position)
2. Stop loss 29.5
4. Target $45
5. Do your own research
$MASS is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
908 Devices is democratizing laboratory mass spectrometry with its simple handheld and desktop devices, addressing critical-to-life applications.
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 $47,25;
stop-loss — $40,50;
take-profit — $67,50.
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.
If you like my content, you can subscribe to the news and receive my fresh ideas.
