Buying off the trend line from $4.25 - $4.35. Stop loss at $4.15. Target is resistance around $5.00. If it breaks and holds $5+, it may have enough gas to go higher.
Sorry, didn't put this up earlier but it's still valid.
SGMO has bearish divergence between 11/14 last year and 01/13 this year (white arrows on chart and RSI ). Also as usual, RSI shows signal for selling (overbought).
The price also happens to be at the downtrend channel resistance. The volume profile shows increased more seller-to-buyer ratio since 01/17....
If you look at daily chart, you will see the bearish harami a kind of reversal candlestick Pattern, if you pull the weekly chart which is what we used now you will see a promising upside momentum that is underway. The price managed to close above Wilder's smoothing average line and tried to take out 3-EMA which is very vital for the bottom diamond to breakout. If...
