$TGTX - Pullback and consolidation
Top trading idea for next week(s)!
TGTX
already proved itself with a strong performance YTD of 125% (and 580% in a year).
The stock is in a clear stage 2 uptrend and is now consolidating in between the 21 day MA and 50 day EMA on lower volume (check weekly chart).
Has the fundamentals.
A few more days of tight consolidation or a quick retest of the 50 EMA would make it even a better setup and creates a launchpad.
Entry would be around 28.27
Stop breach of the 50 on high volume or a tight stop low of the day (when it breaks the pivot).
Enjoy next week!
Other similar ideas:
SKX
,
WING
and
ARCT
TGTX
already proved itself with a strong performance YTD of 125% (and 580% in a year). The stock is in a clear stage 2 uptrend and is now consolidating in between the 21 day MA and 50 day EMA on lower volume (check weekly chart).
Has the fundamentals.
A few more days of tight consolidation or a quick retest of the 50 EMA would make it even a better setup and creates a launchpad.
Entry would be around 28.27
Stop breach of the 50 on high volume or a tight stop low of the day (when it breaks the pivot).
Enjoy next week!
Other similar ideas:
SKX
,
WING
and
ARCT
Trade active:
We breached the pivot point yesterday on good volume. LOD could be the stop loss, looking for continuation or retest of the pivot level.
Trade active:
For the moment found support on de 50sma, still trading on low volume...