SLP – 30-Min Long Trade Setup!📈 🟢
🔹 Asset: Simulations Plus, Inc. (SLP – NASDAQ)
🔹 Chart Pattern: Symmetrical Triangle Breakout + Retest
🔹 Timeframe: 30-Minute
📊 Trade Plan – Long Position
✅ Entry Zone: $33.86 (Breakout above triangle + yellow level reclaim)
✅ Stop-Loss (SL): $32.29 (Below rising trendline and structure base)
🎯 Take Profit Targets:
📌 TP1: $36.54 – Previous key resistance
📌 TP2: $39.26 – Major horizontal resistance zone
📐 Risk-Reward Calculation
🟥 Risk per share: $1.57
🟩 Reward to TP2: $5.40
📊 R/R Ratio: ~1 : 3.4 – High reward with defined risk
🔍 Technical Highlights
📌 Clean breakout from triangle resistance
📌 Reclaim of yellow horizontal level with breakout candle ✔
📌 Consistent higher lows forming a strong ascending base
📌 Volume gradually increasing near breakout
📉 Risk Management Strategy
🔁 Move SL to breakeven once TP1 is reached
💰 Lock partial profits at TP1
🚀 Ride the runner to TP2 using a trailing stop if momentum builds
🚨 Setup Invalidation If:
❌ Price closes back below $32.29
❌ Rejection with strong bearish candle near $36.50
❌ Fails to hold above triangle breakout zone
SLP trade ideas
7/1/24 - $slp - Don't see much upside >$507/1/24 :: VROCKSTAR :: NASDAQ:SLP
Don't see much upside >$50
(going to streamline posts, they've been growing too long last few wks; still working out my publishing process)
- SLP has interesting/ unique product for industry
- rev growth mid teens is "fine" but not worth 10x enterprise value
- PE near triple digits this yr and still >50x in '25 too high
- not seeing a ton of opex leverage, look YoY in last Q - stagnant
- generate cash, 2.5% yield is just okay
- would re-consider if we saw a 3-handle on stock, set my trading view alarm at $35.5 to take another look if/when/why there
- chart not convincing, a lot of range chop at high end and into a picky risk environment
V
SLP - daily point with potencial >15%Simulations Plus, Inc. provides modeling and simulation software and consulting services supporting drug discovery, development research, and regulatory submissions.
The financial side of the company is in good shape, according to my rating 4+ .
Technically, it is an excellent daily point in the demand zone after a false breakdown.
The potential is bombing - 15% and more.
I take now with a stop of 50 and at 48.50, if they fall there and give confirmation.
Operations in financial markets can bring both large potential profits and are associated with potential risks associated, among other things, with the effect of leverage and high volatility of instruments used in trading in financial markets.
The provided forecast is a subjective analytical assessment of the situation in the financial market and in no way is it a recommendation for opening deals, investing and developing your own trading strategy.
SLP Major BreakoutSLP broke out of an extremely reliable horizontal range today. This stock is less than a year old and trades in small volumes so it may move unpredictably, ie it could be testing out the top of a new range. Any pullback to the top of the old channel looks like an excellent buy though.
Waiting for a breakout SLP has a 98 rating on IBD and is in group 42.
Reasons why I like it:
- Relatively small float/mkt cap - giving it more possibility to move higher with buying
- 33% mgmt owned - run by people invested in the company, not just "care takers"
- Avg 3yr quarterly EPS 111%
- 3yr EPS growth 232%
- 3yr sales growth 43%
- Change in funds owning stock 8%
- Quarters of increasing fund ownership 8 - seems to be popular with funds
Definitely ready to buy at breakout, after long sideway move, despite weak market.
$SLP SHORT Negative Article by Thestreetsweeperwww.thestreetsweeper.org
Negative article.
Insider Selling.
This is a little copy paste from the article. Even more shady details in the article!
SLP's initial payment of $5.2 million consisted of $2.08 million in cash and over 491,000 shares ultimately valued at $3.277 million. (SLP will need to pay the remaining $720,000 cash and 170,014 issued shares in July.)
This transaction would normally prompt a pretty big hit in the income statement.
But the company did something that’s perfectly legal yet quite surprising.
The company allocated almost $4.8 million of the acquisition cost to "goodwill." So goodwill – the premium SLP paid over Cognigen’s book value – accounted for over 90 percent of the initial payment. By allocating it this way, SLP kept the vast majority of the cost off the income statement.