Description: TBIO is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $21.5 - $23.2
2. Take profit: $30.02
3. Stop Loss: $20.3
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 88%
I believe that the dip we have recently seen in TBIO will provide for a good buying opportunity if it can hit the support levels that would minimize the risk of losses.
Surely a bounce is awaiting, especially with all the complications that have recently arisen due to the covid vaccinations.
Expect this to go well into the $20s.
Timeframe: Short term 3-6 months.
I don't have a position here, but watching to see how it acts. I'd like to see some buying at the 10-day and at prior highs. The question is whether the breakout was a fakeout or if this is just a retest. We'll know soon enough.
Although Translate Bio. is one of the best companies in term of fundamentals, it also has a great technicals.
As per our ovservation the price has already broke through a cup and handle pattern and currently it is settling on the neckline.
Once the price pounces off the neckline I will be looking towards 34$ as the first target. Then 43$ as a final TP.
