Clear 5 waves up and so far current downward pattern looks to me as a double zigzag.
break of a channel WXY is the first indication of the next impulse.
then 12 setup will be the next indication.
908 Devices Inc is in the Medical-Research Eqp/Svc Group. It develops analytical devices for chemical and biomoecular solutions.
The price made a shortfall within the channel that has been forming since January. This shortfall may signal a breakout in the right direction.
I would buy it with a target sell at its next resistance level which is at $29, that's a...
#1 Main Watch List
$MASS HTF IBO Long
Monthly - Bullish candle
Weekly - Break out of falling wedge
Daily - MACD divergence/0.382/emas/wave 2 pullback
LTF - 4HR wave 4 pullback/0.50fib/50 ema
- 1HR forming descending triangle
Cons - New stock with very limited HTF PA
- 1HR may have completed wave 5 (depends on your...
Assessment:
1. Bullish divergence on daily timeframe (RSI/MACD)
2. Tested falling wedge however Volume is low. Probably falling wedge is not completely tested
3. ARK Invest increased its stake by 17% in July/August
4. Dragonfly doji on weekly timefame
5. Double bottom on daily timframe.
6. CCI
7. Look at the analogy with TSP
Action:
1. Accumulate from 33 to 31...
IPO intraday trading strategy idea
908 Devices is democratizing laboratory mass spectrometry with its simple handheld and desktop devices, addressing critical-to-life applications.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise...
