In the case of Beam Therapeutics ( NASDAQ:BEAM ), the weekly chart displays a promising pattern characterized by a higher low, indicating a potential bottoming process in the stock's price movement. This higher low suggests a reversal of the previous downtrend and potentially signals a shift towards bullish momentum. Moreover, technical analysis of the stock's...
2nd gainer in March is BEAM . Holding period is 0 days (3/13/23-3/13/23). Account is up 1%.
This month till today, my account is up 2%
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $59.14
Target Price: $56.35
Stop Loss: $63.79
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $57.83
Target Price: $55.93
Stop Loss: $61.00
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $59.01
Target Price: $57.11
Stop Loss: $62.22
Short (Entry Price) within the sell zone area and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $61.47 / $60.27
Target Price: $58.83 / $56.91
Stop Loss: $65.87
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $74.49
Target Price: $77.76
Stop Loss: $69.04
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 are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
We have been seeing a brutal selloff/shorting since mid-February of this year - especially within the genomics sectors, a darling sector for ARKK investments. This is one of their highest conviction names. The chart is indicating a possible near-term bottom per the formation of a long-term trendline and sentiment slowly shifting with more buying volume this week.
So far, BEAM is following my speculation of a double bottom.
Because I know EDIT and CRSP so well, I know how quickly a person can get cucked.
Should this continue to confirm my speculation, I will go long. I like at least holding $80 on a close.
This is how I have been playing this stock:
Put in limit order for far less than the bottom of the spread.
For example, if bid is $15.50 and ask is $20.20, I put in limit at $14.00 or less.
If it fills, great, if not, no big deal
It filled for the $105 strike on the
16th - $11.80
17th $11.80
19th $10.90
I set a limit sell right away from whatever the buy...
