Replimune Group Inc. (REPL)Long Strategy: Initiate a long position above the $10.35 resistance level with targets at $12.72 and $14.10. Place a stop loss at $9.00 to manage downside risk.
Short Strategy: Consider shorting below $9.00, with targets at $8.00 and $6.05. Use a stop loss at $10.00 to limit potential losses.
The key resistance level at $10.86 is crucial. A break above this level could see the stock testing the $12.72 mark, which aligns with the Fibonacci retracement levels.
Price Prediction and Trade Strategy
1-Year Price Target: $14.10 (41.00% Upside)
Given the current technical setup and market conditions, REPL has a speculative upside potential to $14.10 within the next year. This target is based on analyst consensus and technical patterns observed.
Replimune Group Inc. presents a compelling investment opportunity with a favorable risk-reward ratio. The combination of bullish moving averages, momentum indicators, and key support levels provides a solid foundation for potential gains. Investors should keep an eye on the price action around the $10.35 resistance level for a confirmed breakout.
REPL trade ideas
REPL - long - bottom play - lots of block buysReplimune Group Inc is a clinical-stage biotechnology company. It uses a proprietary RPx platform to design and develop product candidates that are intended to maximally activate the immune system against solid tumors. The RPx platform is based on a proprietary, engineered strain of herpes simplex virus 1, or HSV-1, backbone with payloads added to maximize immunogenic cell death and the induction of a systemic anti-tumor immune response. The company focuses on developing oncolytic immunotherapies for the treatment of cancer. Its pipeline products include RP1, RP2, and RP3.
This is not a financial advice!
We need to stay in a bullish overal sentiment of the market. If we see a corretion, this play might doesn't work.
Massive block buys!
We need to break 9.0.
Keep an eye on 13.0 level, needs to get broken for a further upmove. You can take partial profits at this level if u want to lock in gains.
SL under 5.7
TP approx. 15.0
Most info on the chart.
Trade carefully!
REPLIMUNE Stock Chart Fibonacci Analysis 022724Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 8.9/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
REPL, Aroon Indicator entered an Uptrend on Nov 09, 2020.Over the last three days, Tickeron A.I.dvisor has detected that REPL's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron A.I.dvisor backtested this indicator and found 116 similar cases, 102 of which were successful. Based on this data, the odds of success are 88%. Current price $45.45 is above $27.00 the highest resistance line found by Tickeron A.I. Throughout the month of 10/08/20 - 11/09/20, the price experienced a +75% Uptrend. During the week of 11/02/20 - 11/09/20, the stock enjoyed a +5% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 03, 2020. You may want to consider a long position or call options on REPL as a result. Tickeron A.I. detected that in 31 of 40 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.
REPL moved above its 50-day Moving Average on September 29, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for REPL crossed bullishly above the 50-day moving average on October 08, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 7 of 7 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +12.28% 3-day Advance, the price is estimated to grow further. Considering data from situations where REPL advanced for three days, in 120 of 141 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 102 of 116 cases where REPL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 88%.