ADAP: daily log. Take a look.

By goodguy
Updated
More speculative as is a bio pharmaceutical. One bad news release can lead to big drop. Chart looks good to me. Notice the positive reversal in the daily RSI. Could use close below the current up trend line as a stop.Yellow box is near term target but if price blasts though that level it would be very bullish.
Process your way.
Take care.
Comment
Another way to look at this: cup with handle.
snapshot
Comment
Target hit. Taking profits. Also bearish divergence in the RSI.
Comment
snapshot
Trade closed: target reached
ADAPChart PatternsTechnical IndicatorsWave Analysis

Disclaimer