New Setup: PTGXPTGX: I have a green setup signal(dot Indictor). It has an good risk-to-reward ratio(RR:). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP1-50%,move SL to breakeven).
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Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level.
PTGX trade ideas
Protagonist Therapeutics (PTGX) AnalysisMarket Position and Growth Drivers:
Protagonist Therapeutics NASDAQ:PTGX is poised for substantial growth, with its recent inclusion in the S&P Small Cap 600 likely attracting significant institutional buying and boosting its stock price.
Strategic Partnership:
The company's partnership with Takeda to develop and market Rusfertide has already resulted in a $300 million upfront payment. Promising Phase II trial results for Rusfertide could lead to substantial profits through opt-out payments, milestone payments, and royalties.
Investment Outlook:
Bullish Outlook: We are bullish on PTGX above the $31.50-$32.00 range.
Upside Potential: With an upside target set at $48.00-$50.00, investors should consider Protagonist Therapeutics' strategic partnership and promising clinical results as key drivers for future stock appreciation.
📊🔬 Monitor Protagonist Therapeutics for promising investment opportunities! #PTGX #Biotech 📈🔍
PROTAGONIST THERAPEUTICS INCNASDAQ:PTGX
Hey, traders!
Paper is for those who know how to trade false breakouts.
What's on the chart:
The level is formed by a paranormal bar.
The level is corroded by touch.
The level ends in a round number.
The breakout bar was over 18%.
Deep breakthrough at 5%.
Waiting for the 14.9 level retest and a hike up from the level.
As special risks: Biotechnology. This sector's papers live their own lives.