Possible Milk and Honey with Covid INO
Other Covid players are occupying the spotlight...
However, INO chart analysis looks promising! Including:
1) Double bottom has occurred, as indicated by the bubbles
2) Stock price did not give up 23June2020 gains
3) Stochastic indicator shows an uptrend
4) Consolidation volume in play; pay-tience pays here
5) Nice wedge formation, looking for possible breakout
Solid green line shows $19.35 is solid support, it's retested here several times.
The strategy:
Buy the dip - $20.55 - only if stochastic supports a buy here, bull volume exceeds current trend
Stop Loss 18.65 - allowing the stock's volatility to move north and south before a compelling move
Target Sell #1 - 27.00 31.38% winner!
Target Sell #2 - $31.70 54.25% Winner!
!!BEWARE THOUGH, IF
MRNA PHASES AND FDA APPROVALS ARE IN TOW, THESE COVID PLAYERS MAY START TO DRY UP!!!
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
However, INO chart analysis looks promising! Including:
1) Double bottom has occurred, as indicated by the bubbles
2) Stock price did not give up 23June2020 gains
3) Stochastic indicator shows an uptrend
4) Consolidation volume in play; pay-tience pays here
5) Nice wedge formation, looking for possible breakout
Solid green line shows $19.35 is solid support, it's retested here several times.
The strategy:
Buy the dip - $20.55 - only if stochastic supports a buy here, bull volume exceeds current trend
Stop Loss 18.65 - allowing the stock's volatility to move north and south before a compelling move
Target Sell #1 - 27.00 31.38% winner!
Target Sell #2 - $31.70 54.25% Winner!
!!BEWARE THOUGH, IF
MRNA PHASES AND FDA APPROVALS ARE IN TOW, THESE COVID PLAYERS MAY START TO DRY UP!!!*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.