Saturday, May 23, 2020

Some setups for next week MNLO BNGO TLRY ZIOP RWT LIFE REPH BLCM XELA BLPH CDEV



Menlo Therapeutics, Inc. 
MNLO - - - > This setup made a strong Breakout on Thursday, which was confirmed and consolidated on Friday. Also, if you take a look on volume from last days, you see that price is under tremendous accumulation. Could make a nice climb toward it's 200 moving average from here. So, if you don´t got it last Friday, the trade idea for this week is, buy at 2.36 for targets 2.78, 3.60 and 3.90!! The chart is giving us a trend line support at 1.90 which will be our stop loss!!



Bionano Genomics, Inc.
BNGO - - - > Called it to my followers on my Private Twitter when it broke above $0.42. Since then price showed high relative strength going to close at high of the day. Chart speaks for itself, so i expect a Gap Up on open! We need to see how it will hold up after open, but any buy between 0.47 and 0.515 would be the ideal! Over 0.515 it can run fast!!  Stop loss at 0.44



Tilray, Inc. 
TLRY - - - > Price made a solid breakout on Thursday on strong volume, confirmed on Friday with more volume. Buyers are in control and i expect continuation. Buy at 10.70 with targets 14.40 and 18.00!! Stop at 9.15


ZIOP
ZIOP - - - >> Beautiful chart that we have here. Price broke above it's upper Bollinger band line and above it's down trend line, closing the regular trade session on high of the day. Another one that i expect a gap up on Tuesday. I need to see its performance after open to release the targets.


Redwood Trust, Inc
RWT - - - > Solid breakout including a break above it's 50 moving average and above it's upper Bollinger band line. Clean room ahead. Buy at 5.15 for 6.15! Stop loss at 4.50!


ATyr Pharma, Inc. 
LIFE- - - >> Price entered in breakout mode with lots of positive divergences on chart. Buy at 4.21 for 5.40!! It support trend line is proving to be strong which i locked stop loss at 3.70!!

Recro Pharma Inc. 
REPH--->This oversold Bottom player is getting interest by buyers. The volume from last days was bullish and technical indicators are now curling up. So, with momentum coming back, a major upside movement could be on the verge. Buy at 4.92 for 5.30 and 5.70! If it hit the last target, we will consider an entry in GAP! Stop loss at 4.55


Bellicum Pharmaceuticals, Inc. 
Bellicum Pharmaceuticals, BLCM, is providing us a great chart and breakout. Buy at 7.80  for a squeeze toward 9.40! Stop at 6.60 


Exela Technologies, Inc. 
XELA - - - >> Price entered in breakout mode under heavy volume. Technically, it´s RSI, MACD Crossover and Accum/Dist indicators are showing Accumulation!! Buy at 0.38 for 0.44 and 0.54!! Stop at 0.34!


Bellerophon Therapeutics Inc. 
BLHP - - - > Alerted this one to my followers on my private Twitter when it started to move higher. Price seems that have found support on top it's 50 moving average remaining the trend intact, and providing us an easy trade here. Buy at 15.08 for 16.70 and 20.00!! Stop loss at 12.90


Centennial Resource Development, Inc. 
CDEV - - >> Beautiful chart that we have here, with price breaking up it's trend line on strong volume. This setup got my interest too, because after the strong moves occurred in April, which was under heavy bullish volume, it found support around $0.70 with low selling volumw. Accumulation is very strong ,as the insider activity  and price seems ready for another leg up. Buy at 1.05 for 1.25 break! Stop loss at 0.88




Disclaimer

Here's a friendly reminder: all charts shared here are powerful tools based on major technical indicators. However, it's crucial to remember that stock suitability depends on your individual strategy. 🛠️ I must emphasize that good stock performance isn't solely determined by technical data. 💡 As always, trade cautiously, and I cannot be held responsible for any trade outcomes. Remember, I'm not a financial advisor.