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NTRA putting in a nice 2-month long continuation pattern. Buy on a daily close above the neckline on above average volume.
NTRA: Natera, Inc. 2020-01-06 08:30:00 Natera Announces Achievement of $55 Million In Pharma Contracts and Issuance of New Oncology Patents
Pros: - Strong uptrend confirmed by SMA lines 20>50>100>150>200 - MACD ticking up - Force index ticking up and above 0 - Hammer confirmation (suppor retested and tail did not touch support) Cons: - Hammer volume is relatively low. Ideally a higher volume on hammer would be prefered. I am currently testing the theory to ignore volume and rely more on force index....
The first few bases after a pattern breakout typically break upward, so watch her closely :)
we could assume we have now done the first sub-wave up, wait for a retracement in sub-wave 2, and the fifth wave up target is on the table
Trade of the week. Very strong support at $22.31 FIB level. Clear entry, tight stop. Then (as always) went out for a walk and lunch, came back at 2pm. Sweet!
Short term momentum is subsiding and the short is in. Insiders are selling and no positive news yet. Purchased a put option NTRA Oct 2018 30.000 @ $7
$NTRA Already up 182% year-to-date. Today it bounced off the sma50 and printed a hammer candle with 1.82x average volume. Looks like a good entry spot with a stop-loss on close below the sma50. Ref. price: $25.29
consolidation triangle/ bull flag at recent ATH- breakout soon to follow
ENTER 8.66 STOP 8.95 TARGET 5.29
Pending Long : 9.65 Stop Loss : 9.00 Target : 11.00 RR RATIO : 2.08
see new notes below-stoc crossed at bottomdmi made x pattern-percentrtop-money flow good-macd crossed