#tradingtips
Folks say " stock can keep running", its going to go more, adding here!
Does not matter, It can go to moon without me.
If I cannot define my Risk vs my Reward level I am not taking that trade, Period!!
Priority "how much can I lose" not "how much can I make"
$KDMN couldn't hold above $4. Trend is still intact. Should see another 100MA test in the coming days. Now less than 2 months until PDUFA so should see more eyes on this name
$ARDX nice move today. Thought it might test lower end of the flag but looks to be starting to break out (not to jinx it!). Starting to see a steeper ST support line forming (green line). Steep ST support can be quick to break so remember where the blue line is
$ARDX forming a flag. Trend support is catching up to the bottom side of the flag. Will see how the market opens tomorrow after the long weekend / beginning of Q3 to see if it consolidates more in the flag
$SONM bloody end to the week last week. Trend is broken and closed on prior resistance. Will watch to see what it does tomorrow- like the company but may cut and watch for it to settle
$KDMN couldn't hold above $4. Trend is still intact. Should see another 100MA test in the coming days. Now less than 2 months until PDUFA so should see more eyes on this name
$ARDX forming a flag. Trend support is catching up to the bottom side of the flag. Will see how the market opens tomorrow after the long weekend / beginning of Q3 to see if it consolidates more in the flag
$ARDX close right below $7.60 area. Supporting indicators are looking negative so ultimately I am watching for price to meet up with trend support / 21MA before a next leg up
$SQNS not surprising to see 100MA didn't hold. Both 8 and 21MAs are approaching the 100MA. Price should break one way or the other soon (I'm rooting for up)
$KERN had a quick pop but was short lived - flat day with other MJs. $4 is key support area to hold IMO. MJ sales for July 4 should be a catalyst but the sector is looking sleepy
$CIDM more selling pressure today. Lost the $1.32 higher low I was watching (circled) which is now beginning to look like a bear flag. Watching to see if it holds the trendline
$SONM bloody end to the week last week. Trend is broken and closed on prior resistance. Will watch to see what it does tomorrow- like the company but may cut and watch for it to settle
$ARDX close right below $7.60 area. Supporting indicators are looking negative so ultimately I am watching for price to meet up with trend support / 21MA before a next leg up
$ARDX consolidating as expected. Looking for it to retreat to $7.60 area which is also where 8MA should catch up to tomorrow. Watching that upper trendline as resistance
@jeremyj0916 Pullback doesnโt look done yet based on the candle and supporting indicators. By the time trend support and price meet it may be in the $7.40-$7.50 range and will want to see the trend support validated. Also still a few weeks before pdufa.