Pacific Biosciences of California, Inc.

On the above 6-day chart price action has corrected 90% since the sell signal back in February 2021. A number of reasons now exist to be long, including:

1) The ‘buy signal’ prints. Look left, not to be ignored on this time frame.

2) Price action and RSI resistance breakouts.

3) Price action prints a strong DOJI candle on the 0.786 Fibonacci level

4) Despite the correction, price action is in an uptrend. This is clearly visible on the monthly chart below.

Is it possible price action falls further? Sure.

Is it probable? No.

Ww

Type: trade
Risk: 6% of portfolio
Timeframe: 5 to 8 months
Return: 400% minimum

1-month chart

Trade active:

This would be a good long moment following the correction from $14 area.

Trade active:

Up 40% in a little over one month. Not bad.
The higher time frame has now printed an astonishing signal, can you see it?

Trade active:

Almost 100% now. No sell signals.

Trade active:

130%+ so far.
There's something rather exiting, will share on the Patron page.

Trade active

Trade closed manually:

Not going to get the 400% aimed for but will be exiting with a handsome 160% return.

Price action structure is considerably bearish and there's better options out there at the moment.