EDITAS could be in the bottoming process, I am watching it for a few years now.
We have a falling broadening wedge, on which we had a breakout already. This is part of a bigger falling wedge (blue).
It is techincally possible, we had put in the lows at 6.35 as a wave 5 (as an ending diagonal), which is part of wave V as a last wave, of the biggest Wave (II)....
Another support hold here 13.13. No price below these levels here personally I love this company and think they are going to do big things. This is a long term trade and great entry price. Of course you still have to manage risk which would mean closing weekly body below 13.13 could signal downside beyond historical data. For now 13.13 is still a great area to load up
Finally may have bottomed. I played this W idea buying that flat lower support of this descending triangle target 23$
And if this is a bull flag we could be creating has support at 18.46 with resiatnce combined with descending downward line at 19.11
Seems W pattern neckline is 19.89. If we pop that we need to look for price to comeback and retest as support...
End of the year for edit seems extremely positive. Results and further company plans will be out to the public. Working on cure for blindness as well as positive tumor shrinking results. This company should be massive but as of now in debt and extremely speculative. Hence the volatility. Is 25$ a reasonable price? Yes in my veiw extremely undervalued. Howver...
Editas looks ready to launch on the weekly with a bounce off support and 3x rsi hidden bullish divergence. The full extension of this triangle using the 1.618 gives us 213 dollars as the final take profit.
I dont know whats going on fundamentally with this company, but in terms of the technicals: im in.
This one is a Sleeping giant! There is so much indications to go long on this bad boy. EDIT is a true sleeper but when it moves get ready to hit the gears on full throttle. We are seeing tons of accumulation on the TTM indicator it is only a matter of time before the squeeze goes into play. Earnings are right around the corner and good and clear divergence showing...
I think EDIT could make its move to $100 if it breaks the resistance in its third attempt.
Worth a watch - but not totally confident that it can do it.
This was a breakout trade I had been charting. Looked like and ascending triangle. We got rejection at 73$ came back to backtest the flat previous reisatnce line as support and failed. I was stopped out of my long. With recent upper rejection, we could make a case it’s a rising wedge not an ascending. Triangle, however this 63$ range would be previous support of...
Been in this for a little while now since the change in market structure and added a few times to this position so not the best avg weighted entry but still well in profit.
Classic sweep of lows and change in market structure has me excited on this position and more recently over the last month with the gap up above the previous short term high and now the...
Since breakout we go small rejection at 73$ however this is the biggest moment. This is what breakout trading is about. You wait for a confirmed backtest hold of previous resiatnce as support, you wait for a bounce with some confirmed volume. This is exactly what edit is doing. It can fail the hold yea, however if the backtest holds and we don’t start...
Breaking through resiatnce here I am long at 68.40 we’ll see how this trade goes. Got 39
Shares on this trade. Got 4 hour MACd cross that came in, daily cross should come in soon. Daily rsi is 70 usually peaks around 82. 70$ is always a big resiatnce which seems to be breaking through.
Trying so hard to breakout. We had a potential fake wick through resiatnce earlier today. We def have to watch and see how this plays out. Of course we can look for volume support , closes above 68.70 level, or even a run and fall back down backtest as support and bounce… breakout trades are my favorite however, sometimes can go south quickly as your buying a a...
