SENS Senseonics is waiting for FDA`s approval for the 180-day version of its Eversense CGM system. Eversense can generate as much as $200 million in sales by 2025. HC Wainwright sees a 6usd price target for it. And let`s not forget it`s a meme stock.
Cup and Handle formation on the weekly chart...it seems like theres more upside to $4+ range in the coming weeks
Was this a false break out or is it going to keep going?
Either a Wave 4 WXY pattern or a more general turnaround. Both scenarios are bearish. Note divergences and dropping momentum also. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets going down are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent...
Pulled SENS back up again after a few weeks and see that it's still holding the same fib and trendline levels as it was when we first drew out the fib retracement. It's also now holding the 50DMA consistently as it steadily rises. For some context, this company develops and commercializes continuous glucose monitoring systems for diabetes patients. Senseonics...
This figure is not confirmed yet. Must break the 4$ resistance with volume to confirm. If confirmed: Price target = 7.50$ Stay humble, have fun, make money!
If Sens can break through and hold the 4 area it will make an attempt at 4.70.
$SENS looks like it is breaking out of this symmetrical triangle. Volume is currently dying down so waiting on a pullback to enter. FDA approval is in the air and now wouldn't be a bad time to scale in! PT is previous high of $4.58 level.
First Target is $4. If bullish cup and handle play out then this can shoot to the 1.618 fib at $7. Bullish!
Noted in the trend band, $SENS has floated within its average for the last 3 months, with a small upward move from its initial 180 day CGM submission to the FDA. Although $SENS has report net loss, it is expected from a company within its product growth cycle. Additionally, new employees were hired to speed the R & D of its programming and engineering. New...
Wedgies wedgies everywhere!
HELLO TRADER'S THIS IS MY BULLISH TREND Analyze . WAIT FOR COME KEY LEVEL AFTER TREND CONTINUE TO UPTREND .THIS IS MY OPINION ONLY NO MORE SIGNAL .
Correction looks to be over and we should see the next wave up
Here we have a bullish bat pattern, on the daily. I would enter at the top of the entry envelope. Widening the PRZ, I added the extra 1.618 extension below the retracement entry envelope because there appears to be an extension pattern that suggests some drawdown passed the 0.886 retracement. I'd keep stop loss at 5% below 1.74. Good luck, trade safely, and...
this is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
recommendation of friend. Technicals are good, he likes the fundamentals
The thing about SENS is that it's been a company crushing it in 2021. When it was first discussed this year it was still trading below $1. Despite recent volatility, it's up significantly year-to-date. I think volume remains steady but definitely on the lower end of the range. But good data from the last presentation on its PROMISE study seems to have sparked...