AUTL has gapped up, forming a possible bull flag. I will keep an eye on it Tuesday and place a trade if the pattern holds. Several AVWAPs can act as support, and I will place a stop just below the EMA 8.
AUTL on the one-hour chart had a spontaneous parabolic move without a catalyst as best as
I can tell. Earnings ten days ago were decent but nothing special. AUTL as a biotech firm is
losing cash just not as much as analysts predicted. In the parabolic move very few shares
were traded between $2.00 and $2.40 as per the volume profile Overall a massive volume...
Its a cycle ABC - long and short range fibs both see AUTL getting to round number $1.
Capitulation from recent weekly star only adds to the cause.
RSI may revisit the lows
Not advice.
broke out of trend, areas of interests to watch, great data & they got a $21 PT for it, should be enough to push it to one those areas i dont care about other people PTs what matters is being green on the trade
Falling wedge nearing its peak
Most significant support level drawn on the chart and used as an aggressive target.
Stoploss under the high volume rejection wick.
Im not a financial advisor. Please do your own DD before taking any trade.
Autolus Therapeutics PLC is a biopharmaceutical company. It is engaged in the development of next-generation programmed T cell therapies for the treatment of cancer. The company's pipeline includes AUTO1, AUTO2, AUTO3, AUTO4, and others.
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