Getting in a long trade of NASDAQ:SILK at 22.6 level as it looks like it is ready to bounce to the 30 level and close the gap
This is a young public company that is forming a bottom with some quiet accumulation, well hidden in price, by the Dark Pools during the bottom formation. The accumulation may include ETF Developers as many medical devices are in accumulation mode. Pro traders are in the mix as well. Candlestick patterns, improving volume and Accum/Dist indicators confirm--see...
Beautiful accumulation volume spike on Sept 18. and with volume drying up with MACD and stoch looking to cross up, $SILK could be a potential power play higher
$SILK stock price has formed a beautiful clear C&H pattern on the daily chart The key level is 38.00 , so watch out for a breakout AND DAILY CLOSE ABOVE that level in order to participate MACD an RSI fully support the move up Measured target is around 48.17 Good luck, TA
Interest in Silk Road Medical will be sure to intensify this week as news-flow is expected. Since the IPO, buying has continued in the name and analysts interest will increase the volume and bullish sentiment. We see this as a great company with huge opportunity. Silk Road Medical, Inc. operates as a medical device company in the United States. It offers ENROUTE...