TTOO T2 Biosystems Options Ahead of EarningsLooking at the TTOO T2 Biosystems options chain, i would buy the $2.5 strike price Calls with
2023-5-19 expiration date for about
$1.20 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
TTOO
TTOOAppears to have bottomed here and corrections are zig zig patterns 5,3,5 that continue to overlap into each other so I labeled this correction with WXY. Most likely TTOO will push back up from here towards $1.40
TTOOT2 Biosystems Inc (NASDAQ:TTOO) displayed relative strength on Friday closing above its 50-day exponential moving average for the first time since March. If the stock price remains above this level, investors will assess this development as a sign of strength. From the technical analysis perspective, the short-term outlook for the stock is relatively bullish. RSI, MACD and ADX charts are flashing bullish signals. Immediate short-term resistance for the stock is at 1.53
T2 Biosystems - 3.90 or 1.00 ?
Preliminary unaudited fourth quarter 2020 total revenue is expected to be $7.8 million, including product revenue of $5.8 million, representing growth of 155% and 274% respectively, compared to the prior year period
Preliminary unaudited full year 2020 total revenue is expected to be $18.1 million, including product revenue of $11.7 million, representing growth of 118% and 119% respectively, compared to the prior year period
The company is making progress but they’re still not hitting their own goals !
TTOO has 50% fibo touch retracement. If it breaks the support, then the price will reach 1.74 ;
Price 2.50 is a monthly strong support / resistance ! If it breaks the resistance , then the price will reach 3.90 ;
LONG in the next 12 months
Trigger: Waiting for a momentum candle close below the gray area to buy.
Good luck!
Three Percent Trade Idea: Go long TTOOHere is a great opportunity to pick up TTOO .
At Three Percent Trades we have a price target of $4.27 / share, which is a potential upside of 77.2%.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
TTOO - Federal Contract Creating Hype. Above The TrendT2 Biosystems, Inc. engages in the development of proprietary technology platform. It offers the T2 Magnetic Resonance technology which enables rapid detection of pathogens, biomarkers and other abnormalities in a variety of unpurified patient sample types. It products include T2Bacteria Panel, T2Candida Panel, T2Dx Instrument, AND T2MR Technology. The company was founded by Michael J. Cima, Robert S. Langer Jr., Tyler Jacks, Lee Josephson, W. David Lee, and Ralph Weissleder on April 27, 2006 and is headquartered in Lexington, MA.
SHORT INTEREST
5.5M 08/30/19
P/E Current
-2.07
P/E Ratio (with extraordinary items)
-2.04
Average Recommendation: OVERWEIGHT
Average Target Price: 3.71
