$COGTLocated a potential "abc" wave after a 5 wave impulse. Price also near a support level. Looking for bullish volume to help price retrace to 9.74.
COGT trade ideas
Watching: COGTXYZ is now on my watchlist for tomorrow. I got a setup signal on my custom indicator (yellow dot). Looking to enter if the stock can manage to close above the last candle highs with a s stop-loss below and a price target above. “Don’t scare yourself out of a trade by going into lower time frames.”
COGT a botechology stock with a great uptrend SHORTCOGY a biotechonology stock is doing what others
in the sector typically do in their performance when they
ignore general market dynamics and often hold up in recessions.
COGT has 4Xed since May earnings so ALPHA is high.
Right now the RSI is down trending so showing bearish divergence.
Additionally, the mass index went over the threshold and
then under the trigger suggesting an impending reversal.
The ADX indicator which has been as high as 100 for both up and down
trends is nearly zero. Although not shown on the chart, the mass
index indicator has triggered.
I conclude that COGT has ran up and extended too far and is now
set up for a short trade.
COGT going upCOGT has been trading in the range during 7 months.
Being close to the support it gives an opportunity to buy it with a tight stop-loss just below the support level.
Potential profit:
1) 40-50% if bought close to the support at 8.40 and sold as close as possible to resistance at 13.28.
But I would not bet on buying cheaper than 9.00 as it is where it meets MA200, which may give further support to it.
2) 100%, if it breaks the range and heads higher. Target - height of the range.
$COGT : Potential Run UpThis idea is based solely off technicals.
Multiple S/R touches, decent volume, macd looks good on 4h chart
This could be a good play, I will keep my eye on it tomorrow at the open, if it dips below $8.49 ish I will take a position. If there is a hard dump below my stop loss point, I will not be entering, I will just watch it play out to see what happens next but as of the close today, it looks like it can run.
Target will not be hit in 1 day I believe it will take a few days to a week to reach that target but only time will tell. Market has been fiesty.
*Please do your own DD, this is just my opinion. Not financial advice* Enjoy
COGT, Technical entry , low float Unum Therapeutics Inc., a biopharmaceutical company, focuses on developing a pipeline of novel therapies to treat cancer patients.
This is a technical based entry , product is ranging so I will set my target at a realistic resistance area .
I do like some of their fundamental metrics too. Primarily their eps which is expected to grow throughout the next two years and the recent institutional interest. Also, shares outstanding is only 9.85 Million so with some buying volume this certainly has the ability to move up quickly . Nonetheless, this is ranging and it's a technical based swing play only at this time for me .
Good luck ~
COGT D1: BEST Level to BUY/HOLD 200%+ gains(SL/TP)(STOCKS)Why get subbed to me on Tradingview?
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-Supply/Demand Zones
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COGT D1: BEST Level to BUY/HOLD 200%+ gains(SL/TP)(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: COGT D1 chart review and outlook
::: Biotech sector outperforming market
::: COGT one of the best biotech stocks
::: in terms of potential upside in 2021
::: BUY dips / buy the pullback
::: noteworthy compression now
::: undergoing accumulation
::: strong bottoming pattern
::: wait for pullback/dips and BUY IT
::: recommended strategy: BUY LOW / MARKET BUY
::: TP1 +100% gains TP2 +200% gains
::: BUY/HOLD setup
::: DO NOT expect overnight gains
::: This is stock market
:::Not casino in Macau
🔸 Supply/Demand Zones
. N/A
🔸 Why should I follow your setups?
:::Check track record it's all been posted
::: MRNA 200%+ gains, NVAX 300% gains, REG 60%
::: AMD 40% gains and a lot more in 2020
::: IBB 40% gains in 2020 BUY/HOLD
COGT - A Rebound in the MakingHistorically this is a stock that can move up and down with big swings. Right now we're in a valley, but I'm fairly positive, given enough time, this will bounce back. I'm holding even though I'm down. I just hope the valley doesn't get much deeper because it's getting harder to see the next mountain top over the horizon.
COGT- Flag formation & huge insider buying Long from $4.54 to $6COGT seems forming a flag formation. On the other side it has a tones of insider buying. Executive Chairman of the Board picked up around 20 million
worth of shares just week ago. There are some other insider buying as well. Overall it seems very interesting Long set up.
* Trade Criteria *
Date First Found- March 28, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $4.54
Exit Target Criteria- $6.00
Stop Loss Criteria- $3.97
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Good stock on the move!I will buy this stock on monday.
This stock can run two weeks now.
There is a lot of room
Stay tuned!
