Wave 3 to begin, target between 36 to theoretically 185 dollarsWaves 1 and 2 for Evogene has completed with wave 2 retracing to the 0.5 fib level. Wave 3 in about to begin, and given it generally moves 1.618 the length of wave 1, it can theoretically hit 185 dollars. This is over several years of course. Plan for a long term hold with potential for massive gains. Will update as needed.
EVGN trade ideas
EVGN: Leading Expanding Diagonal? Looks attractive to me!A buddy of mine mentioned this when we spoke about "high conviction trades" My HCT is 3D printing. This is his. I took a look and it appears we're setting up for what appears to be a potential 5th wave of a leading diagonal. This in theory if it proves to be right, should kick off the first motive cycle. Right now it looks like it can go either way. If price breaks out bullish thru the current structure I think we will be in for a treat. All in all, seems like a solid play. I'll be looking for buy setups from now till exhaustion is seen on the 5th wave of the cycle.
What are your views on EVGN? Solid biotech pick, or a meme stonk?
Thanks for looking, and I'm looking forward to others opinions! Trade safely!
EVGN - LOOK FOR $4 ENTRY This is a good stock to run through 2021 with targets at $8. Evogene Ltd. engages in the development and commercialization of a computer-biological platform for improving the development processes of products in the field of life sciences. It operates through the following segments: Agriculture, Industry, and Human. The Agriculture segment engages in the development of seed traits, agrochemical products, and agrobiological products to improve plant performance. The Industry segment engages in the development of castor bean seeds to serve as a feedstock source for biofuel and other industrial uses. The Human segment engages in the discovery and development of human microbiome-based therapeutics.
downtrend channel brokenthis was bearish for years! but is finally breaking out now, theres also lots of smart money like ARK getting in. my pt for this stock is 12-14 in the future, stop loss around 2. the question here is will it hit my pt in 2021 or will it take a bit longer? i guess we will find out wont we.. goodluck :)
EVGN: Ascending Triangle, awaiting confirmationAscending Triangle, waiting confirmation
Pros:
R/R ratio above 3
Descending volume during formation
Volume peak at break out
PPS above 50Ma and 200MA
ATR ascending, more volatility
RS ascending and above 0
250RSI above 50
Cons:
200MA flat
Target:
PT = 3,61
Evogene Ltd. Potential Breakout Evogene Ltd. operates as a plant genomics company. It utilizes a proprietary integrated technology infrastructure to enhance seed traits underlying crop productivity. It also offers a solution for crop productivity improvement through biotechnology and breeding using a technology infrastructure that is based on deep scientific understanding of plant genomics and proprietary computational capabilities. The company was founded by Amir Barzilay and Hagai Karchi in 2002 and is headquartered in Rehovot, Israel.