AGTC Break Out Possibility - How to Play

5 Mac 2021

AGTC is a cool MRNA therapy biotech for color blind and seriously sight impaired
It's trending down but keeps having small break outs. I'm hoping to catch a bigger one, but playing small as shown.

If the waves follow then I'll go in, if not, it was worth watching.
Paper exercise for breakout buying for a friend.

AidanMDang is the breakout Queen to follow for stocks to watch

5 Mac 2021

Nota

Before I add during Wave 3, I'll watch for a 50/200 Bull Crossover for confirmation, otherwise it could be an WXY correction/sideways move instead of wave 3

5 Mac 2021

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Revised/Updated using 1 Hour Time Scale EWaves

5 Mac 2021

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*DISCLAIMER - NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*

5 Mac 2021

Nota

B Wave Dropped to Far, C Wave petered before trend Breakout

Will keep watching after WXY

6 Mac 2021

Nota

Still moving in the right direction, but moves down are longer than ups.
Slow stairstep up doesn't much allow for entry with a good Risk/Reward setup.

10 Mac 2021

Nota

Price Movement has been too weak to consider it a breakout.
I'd like to see 5.40 to show a break above 2 prior down days before going in at this point.

10 Mac 2021

Nota

The downtrend black link has been solid support and was resistance going back to June 26. There seems to be no catalyst to drive prices higher on this stock for now.