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Pumped Pharma Eating Dirt & Getting Squeezed
MazenGuid wrote:
BLOOBERRY what do you think of NASDAQ:SNTA, do you think it will break?
Do I think it will break out? Likely not, I would be willing to wager it is a multi-top on the 0.34. It's an upward resisting wedge, so it's likely going to continue its weekly downtrend. However, if you look at the SQZM, it looks like the shorters are going to get squeezed soon when they buy to cover so, It might break 0.34-0.345-0.35, but eat dirt afterwards nonetheless. I could be totally wrong, but the last candle reinforces my bearish outlook since it closely resembles a "shooting star" candle.
BLOOBERRY what do you think of NASDAQ:SNTA, do you think it will break?
Do I think it will break out? Likely not, I would be willing to wager it is a multi-top on the 0.34. It's an upward resisting wedge, so it's likely going to continue its weekly downtrend. However, if you look at the SQZM, it looks like the shorters are going to get squeezed soon when they buy to cover so, It might break 0.34-0.345-0.35, but eat dirt afterwards nonetheless. I could be totally wrong, but the last candle reinforces my bearish outlook since it closely resembles a "shooting star" candle.
Nota
New catalyst. Company may merge. Outlook is actually possible that it could break 0.34insidermonkey.com/blog/synta-pharmaceuticals-corp-snta-billionaire-bruce-kovner-buys-more-shares-443795/
Nota
Oh yeah! Break through! It Tested 0.34 multi-tops and news catalyst shredded my initial expectations.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.