Will EDIT finally see its day?
What a loser for such a long time. I initially started getting in this for the break of $100/share and just as I was building my position with common shares, it dumped.... for like 8 months.
Looking for $80 / share to exit.
Keeping eyes on this beast this week. Seems to have formed either a bull pennant or symetrical triangle. Strong resiatnce formed at 70$ range. Haven’t been able to close a 4hour candle above 66.30. I’m looking to see if we can break bullish out of this I may make a trade but confirmation. Is needed. I’ll be watching and waiting for my entry with alerts set. ...
EDIT has been a growth name I've been watching for some time, came up right to my price target which I posted a few months back. I'm watching the 61.5 level as a strong resistance level, also the 272 Fib level. I'd like to see a break above to go long with a PT of 65.4, but it looks like a handle will come next as price retreated right from the resistance zone and...
Fantastically sensual chart.
Through up some indicators. Red labels are 3 point confluence. That blue circle indicates a possible 4 point confluence. Let’s see what plays out.
All major gene editing stocks look like they're on the cusp of big moves higher. (See last post on NTLA)
Zoomed in on the shorter time frame we have a trigger off the 618 4hr retrace. There's some overhead supply in the 50s for shorter term targets, but this is a long term play with much higher upside.
Seeing similar in CRSP, but EDIT is showing a more...
EDIT broke out (up) of an inverted Head & Shoulders neckline @ 39.20 yesterday and looks to be firmly on the uptrend now.
A rise to it's H&S target of 49 looks plausible with stop loss about 50 cts below the neckline of 39.20
Let's see if it works out!
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own...
its been a while since I have posted. EDIT is one of my favorite picks for the next couple of weeks. it looks like it might have broke down the down trend BB are tightening up so we might see a big move with momentum.
EDIT has been falling since the start of the year. It looks like it might be leveling out finally. I'm going to be looking for longer-term calls, $45-50 strike, for the next earnings date in August.
Entered at 35.75. Target 37.71. Old resiatnce retest would be 38.23
Had a nasty fall and an anylist rated of 20$. Fear sent it low low but I feel it can have a turn arounnd if it can find news support above 38
EDIT - Solid growth stock within the biotech industry recently beat down, currently off 62% from the highs. This one loves holding Fibs so if we see someone support at this 38 that would be a solid entry. Cathie also buying dips on this one, and with the market showing signs of strength, Huge R/R on this as Growth comes back - the company is a disruptor in the...
After further rejection of 49$ area I realized that although it was looking like we had broken the falling wedge and backtestinf it seems like it was just testing the top of the falling wedge only to have fallen back to the previous bottom so far making a higher low looks read to run back up only that this time the resistance is roughly 44.85. It’s going to be a...
