Panjang
SRNE macro and micro 1-2 start, target 13 for wave 3
Nice looking setup for SRNE. I personally took a position with a stop under the wave 2 low, and my price target playing for wave 3 (see chart). The wave 2 low needs to hold in order for the chart to still appear bullish, otherwise, there could be potential further downside. From a fundamentals perspective, they are working on some treatment for Covid, so there is the potential for catalysts surrounding that treatment to begin to help some moves to the upside. Looking off the highs, this stock has fallen quite a bit, so definitely looking for some signs of a reversal soon.
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.
Copyright Rohan Karunaratne 2020
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.
Copyright Rohan Karunaratne 2020
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.