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Tecnicalanalysis

Technical Analysis of Pacific BioSciences (PACB)Disclaimer: I own shares of PACB at the time of publishing this analysis. The below analysis is not a trading or investment recommendation & is only for learning purpose. 1.PACB has been in a major downtrend like most other small caps & biotech stocks. 2.The stock is way below the 200DMA which sits around $25. 3.The spread between the 20DMA & 200DMA is also very wide indicating a pull back to the 200DMA. 4. The stock bottomed at $9.04 which was followed by some buying pushing the price up to $11.65 while still being under the 20DMA 5. Over the last two weeks the stock has been consolidating & with today’s huge igniting volume, the stock has seen a decisive close above the 20DMA & formed a massive green Marubozu candle engulfing 11 other candles to it’s left. 6. Today’s price action shows a strong bullish sentiment & the first major target for the stock should be the 200DMA around $25. 7.While the stock tries to reclaim the 200DMA, it is expected to face resistance around$14, $15.5, $18-$20 (fairly strong resistance) & $22-$24. 8. On the higher time frame charts as well, namely weekly & monthly, PACB has been forming a falling wedge pattern which considered a bullish pattern. 9. Key areas of support would be the mid-point & low of today’s Marubozu candle, followed by the low point of the downtrend at $9.04. 10.A close below $9.04 provides could mean further acceleration of price downwards to the next level of support in the $7.5- $8 area. All the best!
NASDAQ:PACB
by Venkat_014
GBPCHF (Sell Opportunity Target Range 180 Pips)Pair Name : GBPCHF TimeFrame : 4Hrs Direction : Short Type : Swing Target Range : 180 Pips ------------------------------------------------------------------------- Neat and clean chart with clear setup, no junk on chart. ------------------------------------------------------------------------- If you like this idea, then smash like button and follow us for regular updates. ------------------------------------------------------------------------- Note:- Do you own due diligence before taking any trades. Thanks
Short
by AkhiPrajapati
Cipla, Pole and FlagCipla is forming a pole and flag pattern, with the price action during the last two months. A breakout from the upper end of the flag can be traded for a small target of the 52 Week high at 966 and second target with the fibonacci pivot if the trader feels comfortable. The SL can be set at 900. Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
NSE:CIPLALong
by dakshjain76