Short
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.
Note
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/
Note
Oh yeah! Break through! It Tested 0.34 multi-tops and news catalyst shredded my initial expectations.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.