EDIT has formed a short-term, very steep rising channel, within a bigger, much more sustainable, multi-year rising channel. Call me crazy, but I think this one is going to do well... Right now, price is acting well at triple support: not just the aforementioned short-term rising channel, but also a former falling resistance, and the all-important 50 day MA (both in dark blue). If you switch the chart to daily candles, you'll see a long-legged morning star doji formed on friday at triple support, and today we're gapping up... If all this doesn't convince you to go long EDIT, I guess nothing will, so I rest my case.
Full disclosure: long EDIT at 1.6% of total assets. Itching to buy more, even if I should not concentrate too much on a small cap biotech stock with no earnings (yet). But technicals AND fundamentals are fantastic, so I may just grab a little more.
Full disclosure: long EDIT at 1.6% of total assets. Itching to buy more, even if I should not concentrate too much on a small cap biotech stock with no earnings (yet). But technicals AND fundamentals are fantastic, so I may just grab a little more.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.