In the dynamic realm of biotechnology, companies are often propelled into the spotlight when groundbreaking partnerships and promising drug candidates come to light. Compugen Ltd (NASDAQ: NASDAQ:CGEN ) is one such company that has recently made headlines with its collaboration with Gilead Sciences Inc (NASDAQ: GILD) and the development of its pre-clinical...
Hopefully you find the chart helpful in terms of Supports & Resistance etc. we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice. Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment.
Both its technical analysis and fundamental reports look
We entered CGEN last week hoping for a rise to 15. The biotech sector (IBB) was breaking out and our model was picking up a potential reversal signal. So far the trade has been flat to down. We will be stopped out on any close below 12 but for now we are holding strong. Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets....
Ingenuity Trading Model used in- Stock, Forex, Futures, and Crypto markets. For Stops and overall trade management join the club. The model is a Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast....
Notice price could be supported by a longer term trendline - not just the horizontal support drawn above:
Check this support line on the daily and weekly and it will be touching as well. Set a tight stop loss and there could be a long swing here.
Contraction Leads to Expansion. Just been waiting for price to close inside of the Double Bollinger Bands on the Daily. Ready to go. Looking to retest Highs and possibly move higher.
If price rejects 19.93 price and returns to bottom of channel, good entry point. Exit point would be 20 or higher, if price breaks through ATH, stoploss will be moved up to 19 and will trailing stop the run up. Stoploss will initially be set to 14.21 since that is past the bottom of the channel and allows wiggle room for price action to decide a direction....
Strength signal in the chart: 1. Mark-up stage 2. Pullback with shakeout 3. Green pentagon buy signal Hit the "LIKE" button to support us :) Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
NASDAQ:CGEN Another paper that looks good for long. You can see the accumulation and pressure to the level. I will enter the position above the level.
Interesting company , I don't really like taking swing positions in biotech companies because I find they are somewhat unstable , lots can happen to gap a price down or up in a short amount of time. Also, I do not have a medical background , so its kind of like reading a different language when you take some time to research the companies website ect. But what...
It is breaking the buy point out today. The volume is about to exceed the average. watch for channel resistances. 12 months Consensus Price Target: $18.57 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Analysis done on 25/05/2020 Fundamental → 20 & 40 SMA sloping up → 20MA > 40MA Awaiting buy trigger → CCI <-100 → Low of daily bar touches 20MA or goes below 20MA → Close above 40MA Pull trigger → Buy 1 bid above previous day high → Sell 5 bars later exclusive of initial bar Stop Loss → 50% below price bought
This is a trade I took on CGEN today. I gave it a little extra room for the stop. Earnings are in 9 days so be careful.