If this symmetrical triangle has any significance, the recent "break-out" should accelerate shortly..if not, we'll re-consider our position on this one as if nothing happens, it could very well reverse.
The bottom chart is even more support for our position.
Additionally, they are reporting earnings on May 1st AMC. We are aware that most analysts are supportive of this stock at it's present price and it appears to be quite undervalued to us.
5/2) So, SQNM reported on 5/1 and the results were quite favorable. Additionally, it should be noted that there is a huge short interest in this stock..like with most Bio's. And lastly, and on a technical level, the boli's are extending, the MA's are lining up perfectly(Golden Cross anyone?), RSI, MACD and DMI are constructive and the Ichimoko chart says all clear.
So, what else can we add?..lol.
Anyway, this is what to expect from our analysis should you participate in one of our Premium Memberships!
Also, check our "Significant Tweets & Alerts" page for other examples of what we provide.
Feel free to email or call us and we'd be happy to answer any questions.
Earn while you Learn!