Weekly Chart for QDEL showing a continuation along a strong uptrend
This uptrend extends for a very long period of time
It will most likely hodl
Entry right on the uptrend is optimal
Bars pattern placed is just showing some hypothetical price movement
Quidel Corporation develops, manufactures, and markets diagnostic testing solutions for applications in infectious diseases, cardiology, thyroid, women's and general health, eye health, gastrointestinal diseases, and toxicology worldwide. It offers Sofia and Sofia 2 fluorescent immunoassay systems; QuickVue, a lateral flow immunoassay products; and InflammaDry and...
Breakdown of all support lines. I expect a decline to $102. But you should be careful, it is possible to redeem and it will be a false-break. Entry with confirmation.
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Last week I shared my technical analysis on QDEL, suggesting to go long on QDEL based on its strong technical setup. Today we see the confirmation that we needed, A break above the channel resistance line with volume. Perfect time to go long on QDEL, next resistance around 190.
Long term technical setup looks brilliant for QDEL. We have a MACD cross above zero and a strong 1 year upward channel. QDEL currently breaking above previous resistance levels at 161.85, now looking to rip above resistance line on upward channel to retest higher resistance level of 189.50. Clocking in long call positions for a 2-3 month expiration.
I sold my QDEL holdings after seeing the bearish reversal pattern, now opening a gap, it might go lower towards the bottom of the channel again. It is close to the channel midline, but I think the descending black trendline is the one to look for.
I will be entering again when I see strength, probably below $130 depending on the price action.
QDEL is still bearish, but almost finished with a zig-zag correction of which it is now within the last wave of wave C. My target is the 84 dollar region since wave C is generally 1.618 the length of wave A.
Worldwide opposition to vaccine mandates, booster shots every "x" months, negative test required upon arrival for travel. The unvaccinated have antibodies! One of the only stocks that benefits from calamity like this is QUIDEL. In short Quidel does everything related to covid testing including testing for antigens. At the start of the pandemic Quidel rose due to...
TRADE TYPE: Simple trade using the concept of parabolic corrections and zigzags. TIMELINE: 1-10 days. Look for double bottom at the end of zigzag to confirm end of correction and reversal to the long side.
Fundamental
Quidel: a manufacturer of diagnostic products, frequently rises or sinks in response to developments in the coronavirus pandemic, as a big part of their revenue comes from its COVID-19 testing kits.
As the Delta Variant is worrying countries around the globe, QDEL will be interesting to watch.
Technical Analysis
As you can see in the weekly ...
At long term 3 step ABC fib retracement levels (under 1.0) off all time high. This would be the fourth breakout, note the previous 3. RSI divergence as well, possible bottom. Starting to break out of bullish falling wedge. RSI pattern looks very similar to breakout 3. I am buying call options. MACD crossed over positive on 5/5 on daily chart, is still positive. I...
Named one of Investopedia's Top Growth Stocks for May 2021, QDEL offers a good buying opportunity even at current prices.
QDEL (www.wsj.com) has a low price target of $95 and a median price target of $167.
I would think this a great buy at $80-95 with a sell at $140, which is the current resistance before a pop upwards is possible.
This would take...
Quidel Corp
Quidel Corp. discovers, develops, manufactures and markets point-of-care, rapid diagnostic tests for detection of medical conditions and illnesses. These products provide accurate, rapid and cost-effective diagnostic information for acute and chronic conditions that affect women's health throughout the phases of their lives including reproductive...
"Quidel has received an Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration (FDA) to market its Easy-to-use test that provides results in 15 minutes is now available without a prescription".
