RGLS Showing Interesting LevelsRGLS continues pivoting around that 618 Fib line. Overall, it has held a clear uptrend despite the pullback. Trend line lines up almost perfectly with the latest higher lows put in. RNA companies remain a focus. In this case, it's not covid but kidney diseases.
"In mid-May, Regulus Therapeutics announced an incremental update of its autosomal dominant polycystic kidney disease program. The CEO of the company, Jay Hagan said, “As previously reported, the ninth and final patient was trending well at the end of the dosing period and saw their polycystin levels continue to rise until study completion, twenty-eight days after the last dose. This pattern was generally consistent across the first cohort and further enhanced the overall mean changes from baseline for both biomarkers."
PLUS upcoming presentation of RGLS4326 for the treatment of ADPKD at the PKD Connect Conference 2021 this Friday (6/25) could be something to keep in mind right now too.
Quote Source: 7 Hot Penny Stocks to Watch That Are Trending Right Now
RGLS
RGLS Cup and HandleStarted buying in the handle, I feel breakout will happen next week. Price target on pattern 3.61.
Overall price target is 5.00. There is bull flag forming on the handle.
RGLS - Fallen angel setup Momentum long from $1, $2.50 Feb CallsRGLS forming a nice fallen angel formation. IT has significant insider buying. It has few moving average to overcome however it has very good upside potential as it is coming down from huge £20 area. To play this we would consider February 2018 $2.50 Calls, currently $0.08
* Trade Criteria *
Date First Found- August 24, 2017 (Intraday Alert)
Pattern/Why- Fallen angel setup
Entry Target Criteria- Break of $1 (Hti August 24, 2017)
Exit Target Criteria- Momentum
Stop Loss Criteria- $0.88
Please check back for Trade updates. (Note: Trade update is little delayed here.)
RGLS: CORRECTING BEFORE FILLING THE GAP?RGLS is gone to the downside with a huge gap and run. After the bounce it is in the middle of a correction. I'm expecting a breakout to the upside to test the downward trendline and to fill the gap.
