Hello Traders, Price came very close but if we can actually reach 1.4094 then we have a Bat pattern which completes at the 88.6% fibonacci retracement level. This pattern completes in an zone of support. Furthermore, this pattern serves as a continuation of the recent uptrend. Target 1: 1.4354 Target 2: 1.4510 Note that that we have CPI (inflation) figures...
Hello Traders, We have a potential Cypher pattern completing at 1.2622 if price pulls in deeper. R:R is skewed so some may decide to delay entry and take this at a better price. However since this pattern has a good win expectancy some may take this trade more aggressively at completion. We have some RSI divergence also. We can potentially also dip back into...
In my opinion the uptrend will continue and will reach 122 because,
DRREDDY Short below 3350 SL 3550 Targets can be the retracements at 2950 levels
Bullish on this stock, the book value per share is 2.35 yet the price got scared down to 0.79 because management rescheduled earnings. Sort of looks like a double bottom should be formed once this anomaly is resolved.
Sophiris Bio had a Phase III drug trial test showing the drug was not effective and the market overreacted. The chart has a cash/share value (mrq) of $1.74, the float is 16.78 Million Shares (note today's volume alone is a large part of that), so with a tiny float, more cash per share on hand than the market price, and upcoming results for new Phase III results...