At the upcoming TD Cowen 44th Annual Health Care Conference and Barclays 26th Annual Global Healthcare Conference, PacBio is expected to present corporate updates, including recent achievements and product advancements, financial performance, and strategic outlook. The company may also discuss industry trends, how its sequencing solutions are positioned within the...
Here's a little less optimistic outlook than the PACB Monthly chart. Spending more time near the lower trend line before moving higher towards upper trend line. Either way, all roads eventually lead to Rome.
On the above 6-day chart price action has corrected 90% since the sell signal back in February 2021. A number of reasons now exist to be long, including:
1) The ‘buy signal’ prints. Look left, not to be ignored on this time frame.
2) Price action and RSI resistance breakouts.
3) Price action prints a strong DOJI candle on the 0.786 Fibonacci level
4) Despite...
Another rather conservative swing trade idea on PACB. Recently broke an area of long term resistance so this could be the start of a nice upward trend. In it for a 2R gain.
I am looking to scalp this trade from about $11.50 back to $13+ . Once the break away is given, we can see a volume burst back to $15.00 3Day chart is channeled and bullish from my POV.
A large symmetrical triangle leading to a huge breakout
This is a common feature of symmetrical triangles
Bullish while price stays above the lower triangle line
PACB is finishing wave 3 and is on its last leg (wave 5 in this wave 3). Wave 3 is generally 1.618 the length of wave 1, which puts the target at around 140 dollars over the next several months. This is a great investment for the long term as well since it will likely have more upside in the years to come in the form of wave 5 and has tailwinds from gene editing...
PACB is a real chance for mid and long term investment. Follow the analysis if you want to find out the details.
Stock's trend is clearly up. There are still two large up going waves to complete the whole Elliott wave cycle.Wave count labels have been shown on the chart. Correction (wave 4 ) of labeled up going wave 3 ( from 2.2 to 53.69 !) has more than likely...
PACB is continuing to make higher highs and higher lows. 50 MA acting as resistance. A clean break above the 50 will be my entry point. Looking for PACB to make an explosive move as we get closer to the apex of the triangle. PT $35-$38 in 4-5 weeks. Using trendline as stop loss.
