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Verastem, Inc.

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VSTM trade ideas

VSTM - Bear Trend ReversalBear Trend Reversal - Long term downtrend rejected with bullish RSI divergence on the weekly. These hops off a long-term bear trend reversals can be swift and powerful. I've played these before and won (DAN...TQQQ after '18 Christmas)..but I've also played these and lost (MAXR). I've previously played these directly on the instrument, but this time I'm playing this with 10 buys of $2 March 20, 2020 calls. Hoping to see a continued surge of implied volatility for these options as I don't plan on holding them through expiry. That being said, I've yet to really win on any of my options trades...but IV is on the up and up since my purchase so we'll just have to wait'n'see.
NASDAQ:VSTMLong
by Ascott156
1
VSTM. Ready to Move HigherNote: This is not an investment advice but my opinion alone. Please feel free to comment. Its been just over 4 months when I first published my first chart on VSTM "VSTM Could go down even more". Price at the time was $4.24 where I said the downtrend wasn't over and it could end up going down. That seemed to have happened as predicted and the second publish seemed to have been even more accurate. However, I think the stock is now ready to start moving higher again based on the chart. From my last publish VSTM Could go down even more (Part 2) I stated that Looking at the 1year and 5 Year RSI , we are way oversold but subwave 4 (iv) and 5 (v) of C could begin a RSI bullish divergence. That has happened exactly when looking at the 1 year chart as the price continued to go down, buyers were stepping up to buy new shares. I think this sets up the stock for much more gains and any pull back will be a buying opportunity. Also the resistance trend line seems to have been broken and I see this stock getting to the 200EMA shortly. As always do you DD. Dont forget to like and follow if you like the idea.
NASDAQ:VSTMLong
by UnknownUnicorn3272672
Verastem Daily chart- "hammer time" (pt 2)Today VSTM made hammer after testing ~50% retracement on the daily- Elliot wave theory states that the completion of leg 1 (12345) will have between ~50-61.8% retracement from hi's, which comes out to being leg #2 on the daily chart (this is the ABC corrective wave shown in 15 min chart). The red arrow points to where e-Wave theory projects next big level of resistance (~4.26) then if continues its trend run-up to ER would be about perfect timing! PLEASE LIKE AND FOLLOW SO I CAN CONTINUE TO USE THIS SITE FOR FREE! The link to 15 minute chart findings should be attatched below- Press PLAY button to see how candles play out ;) -Scooby
NASDAQ:VSTMLong
by follow_the_money
VSTM Could go down even moreNote: This is not an investment advice but my opinion alone. Please feel free to comment. VSTM has seen its price drop since it reached a 52 week high (even after its drug was approved by the FDA). I think in the long term VSTM will recover but not before it finishes it ABC correction and reaching the FIB ratio 0.786 where it will fill the gap it made in April 2018. I will look to initiate a position at this price between $3.50 and $3.18
NASDAQ:VSTM
by UnknownUnicorn3272672
1
VSTM Could go down even more (Part 2)Note: This is not an investment advice but my opinion alone. Please feel free to comment. This is a follow on from the first posted Idea "VSTM Could go down even more" VSTM did get to $3.14 as a day low on Dec 21st just above the FIB ratio 0.786. However I do not like how it got there looking at the 1 year chart. As you can see the sub wave v of C has not started yet as sub wave iii was very deep. To complete the C wave, all sub wave must be completed before we can expect a new uptrend.I expect a bounce soon for sub wave iv then the final sub wave (v). I would like for wave 5 to stay above $3.03 which is the 0.786 ratio, breaking that could set us lower to around $2.80. Looking at the 1year and 5 Year RSI, we are way oversold but wave 4 and 5 could begin a RSI bullish divergence.
NASDAQ:VSTMLong
by UnknownUnicorn3272672
7
Verastem gets approval!Our Stock pick for today goes to Verastem Inc, creeping up slowly, we see this stock potentially testing the last resistance level of $12 but only after a break out at $10 level. With the approval by FDA on their oral capsule, this could hype enough for the price to push up further. Though the risk of taking this trade is high due to the small market capitalisation, this may be on that could have more break throught. Reminds us of a stock pick we took on tandem diabetes where the were given approval on their insulin.
NASDAQ:VSTMLong
by TradersArticle
3
Buy VSTM on break outVSTM has been trending up for quite some time now. We can see a beautiful ascending triangle has formed and two tops have been made. VSTM has recently beaten earnings however, it only has a zacks rank of 3 (hold) so I wont be holding this for too long. The MACD is also trending downwards but it can reverse if it continues the move to the upside. Volume has also been increasing on the move to the upside which supports the move. The price of the stock is cheap yet it has solid volume. VSTM is also in the healthcare sector which has been doing very well over the past year.
NASDAQ:VSTMLong
by GoranTrader