My Watchlist: RNARNA came up on my stock scanner, so I'm adding it to my watchlist. I got a setup signal(1). Looking to enter long near the close of the day if the stock can manage to close above the last candle highs(2) with a stop-loss below (3) and a price target above(4). Volume is slightly higher then average (5). Beware there is a potential negative divergence showing up on the RS1-5 (6).
RNA trade ideas
Avidity Biosciences (RNA) Analysis RNA Therapeutics Leadership:
Avidity Biosciences NASDAQ:RNA is at the forefront of RNA therapeutics with its innovative antibody-oligonucleotide conjugates (AOCs). Its lead candidate, Del-desiran (AOC 1001), targeting myotonic dystrophy type 1, is on the verge of a pivotal trial. Approval could significantly boost earnings.
Strategic Partnership:
Avidity's partnership with Bristol Myers Squibb, valued at up to $2.3 billion, focuses on cardiovascular targets, expanding their collaboration and enhancing the potential for groundbreaking treatments.
Clinical Milestones:
A major clinical update for AOC 1001 is expected by mid-2025. Success in this trial could validate Avidity’s platform and unlock significant value. Additionally, the company is developing treatments for Duchenne muscular dystrophy (DMD) and facioscapulohumeral muscular dystrophy (FSHD).
Investment Outlook:
Bullish Outlook: We are bullish on RNA above the $24.00-$24.50 range.
Upside Potential: With a target set at $34.00-$35.00, Avidity's innovative approach and diversified pipeline present significant growth potential.
📊🧬 Stay informed about Avidity Biosciences for promising investment opportunities! #RNA #Therapeutics 📈🔍
RNA is giving a GREAT IPO LONG opportunity today IPO intraday trading strategy idea
Avidity Biosciences is pioneering a new class of oligonucleotide-based therapies called AOCs designed to overcome the current limitations of oligonucleotide therapies in order to treat a wide range of serious diseases.
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 $28,4;
take-profit — $38,12
stop-loss — $25,16
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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