PACB - Symmetrical Triangle BreakoutA large symmetrical triangle leading to a huge breakout
This is a common feature of symmetrical triangles
Bullish while price stays above the lower triangle line
PACB
PACB, More than 100% profit for Mid term investment!PACB is a real chance for mid and long term investment. Follow the analysis if you want to find out the details.
Stock's trend is clearly up. There are still two large up going waves to complete the whole Elliott wave cycle.Wave count labels have been shown on the chart. Correction (wave 4 ) of labeled up going wave 3 ( from 2.2 to 53.69 !) has more than likely been completed at 0.618 golden ratio retracement around 21 USD.
It seems the stock has started the new rally (wave 5 of (3) ) after correction and completed wave i and now is completing wave ii of 5 of (3). Good entry point may be around 23 USD which corresponds to 0.786 retracement of wave i .
Our first target is a new All Time High around 61 USD which is a strong resistance to form by 1.272 extension of wave 4 and 0.786 projection of wave 1-3.
After completion of wave (3), We probably see a retracement down to 31 or 24 USD corresponding to 0.5 and 0.618 Fibonacci levels. Then we will have a new and final up going wave (5) before the BIG SHORT !
In terms of timing , Chart is just a schematic drawing So, I kindly ask you to disregard the dates on the chart.
I hope this analysis to be helpful and wish you huge profits.
PACB setting up nicelyPACB is continuing to make higher highs and higher lows. 50 MA acting as resistance. A clean break above the 50 will be my entry point. Looking for PACB to make an explosive move as we get closer to the apex of the triangle. PT $35-$38 in 4-5 weeks. Using trendline as stop loss.
And so we begin. round two anyone PT 17ish back to 14ish then 20battling thru the shorts... why would you short a life changing company like BNGO?... i think in this case it is to accumulate it. either way you can't keep her down. Science always wins.
$PACB Falling Wedge BreakoutCalled this out at $20.40 when wedge broke up, $PACB is a strong long term holding. Has run up massively this year but probably has more room to go, especially in the long term.
A note on the two trendines. I had alerts on both these trendines. Why? It's a messy but clear downward wedge on a high beta, small cap. The 'way' that PACB (and the entire genomics sector) moves is in leaps, not steps. I set two trendline alerts so I would know when to go absolutely long (2nd trendline), and where to check to see if I should go long (1st trendline).
Looks like a winner! 15 is coming $75 ST-PTWait for $75 to take a little profit... multi-decade growth story... No one was buying AMZN @ $8 or TSLA @ $25.... Seems the crew on board BNGO is a very much like a cult... good luck trying to short or steal shares from these longs... guys look like fort knox. long and strong. $15 soon...
$FLDM - once again break of TL play.. this time may be bigger ...$FLDM ..w earnings early Feb and as Covid19 plays run today, diagnostics/ genomes all in ONE here w/ FLDM
Overhyped or overlooked? Technical Analysis. PACB is on a tear right now with new of an acquisition deal by their competitor Illumina for 1.2 billion dollars. According to Forbes, this is the largest deal Illumina has ever made in more than 20 years. According to other reports the deal won't be finalized till mid-2019 though, so today's price increase seems to a result of that new breaking yesterday after hours. The other news surrounding PACB however was less bullish. Their recent earnings report had investors at a loss.
Metric Q3 2018 Q3 2017 Change (YOY)
Sales $18.2 million $23.5 million (22.9%)
Net income (loss) from continuing operations ($25 million) ($22 million)
Earnings (loss) per share (EPS) ($0.19) ($0.19)
From a technical standpoint, I'd wait to go long here. The run up stopped right at the edge of the ichimoku cloud which indicates to me that the there was a decent amount of speculation involved in this price run up. Curious what others are thinking.
Share you thoughts.
Thanks.
PACB Swing SetupPACB Swing Setup 6-16-17. Waiting for 20, 50 & 100 MA's to come back toward the 200 MA and for price to breach the 200. No position currently.
