This biotech company has something cooking

מאת ‎Lanmar‎
מעודכן
There is not much time left before there's a big move higher...
הערה
Playing out exactly as anticipated. Prepare longs in purple.
עסקה פעילה
I am long a VERY SMALL position at 3.60. To put it into perspective, if the stock's value goes down 50% from 3.60 I will only lose .3% of total capital traded. I will buy more if purple is reached.
הערה
Added to the position. Max loss is now 1% of capital.
הערה
Major breakout we've been waiting for could be coming very soon. If price breaks tomorrow it will confirm a serious trend higher.
הערה
תמונת-בזק
הערה
Last week was the first weekly break above blue rectangle after three failed attempts in nearly 5 years. This week confirms a monthly breakout above a $7 close. Long from mid 3s, 4s and high 6's. Will add another layer this week on a monthly confirmation, and a final layer on a possible retest of the monthly (February - which will be this week).
הערה
As stated in the comment above, "Will add another layer this week on a monthly confirmation, and a final layer on a possible retest of the monthly (February - which will be this week)." The time is now. I will buy a FULL position rather than adding because I took profits at 7.70. A full position for me is 1% of capital. I may elect to increase risk depending on the DAILY price action on Monday - Thursday. I am willing to take 2% of capital risk on this trade.

תמונת-בזק
הערה
Price hit minimum target today of 10.50 (where blue projection ends. Possible we see resistance here.) This has been a huge winner.
עסקה סגורה: היעד הושג
Closed 1/3rd of the position at 12.50 and 12.45. Will trail 1/2 of the remaining position (.33%), and maintain the ~$13.40 target for the 1/2 of the remaining position (.33%). Congrats longs.
הערה
Took all profit at $11.10. I will re-enter a small position at 8.45. I want to see how the price action trades in the gap to return to half of my original position.
תמונת-בזק
עסקה פעילה
Went short at the market close on Friday
תמונת-בזק

Red is stop.
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