ARDX seems forming a nice fallen angel formation. It had huge of insider buying. We think it has very good upside potential. * Trade Criteria * Date First Found- June 22, 2017 Pattern/Why- Fallen angel pattern Entry Target Criteria- Break of $5.17 Exit Target Criteria- $7.23 Stop Loss Criteria- $4.73 Please check back for Trade updates. (Note: Trade...
is this chart ready for next leg ? shows basic dow theory.
$ARDX $8 to $9 move or 50MA, whichever comes first
Some insider buying this past week. Hard to tell other than the minor increase of SMA50 (Red SMA). RSI gradually increasing, OBV still strong. MACD making higher lows. Conservative approach: Before dipping in, at least wait till SMA50 (Red MA) begins a positive slope. Otherwise you may end up trying to 'catch a falling knife' with others. Obey your rules.