AUTL - Probable Accumulation With Pump Potential

8月21日

AUTL is a big deal in medical innovation.

If their lead cancer product "Obe-cel" gets approved then it may pump.

On the chart this area is likely to be an accumulation unfolding.

We've has a 3 wave move up as we've seen many times in crypto already.

A 3 wave move up is corrective and so it is likely that we'll even see a Golden Window retracement $2.23 - $2.89.

But also possible is that we may see a slightly lower low ST Secondary Test.

We'll see how it develops and if more clues arrive.

The 3 wave pattern was a 1:1.618 extension GW.

This is a strong ratio and this may at least be a clue that this is an accumulation, not a continuation pattern.

And it increases the odds that it bottoms in the retracement GW rather than a Secondary Test...

But it could really be either outcome.

So this trade is buying an area with a long term view.

My first buy point is within the Golden Window $2.23 - $2.89.

And i'll consider that a second buy point below the low @ $1.60 may be possible.

I'll look for more clues as it develops 😼.

Not advice.

9月12日

ノート

Looking good for the 0.618 @$2.89 at which point I think this is a GREAT deep value buy.

The little shooting star shows selling pressure and that is a clue that the 0.618 is probable.

Might go lower into the Golden Window as described previously...

And so you could be patient and scatter a limit order down to the 0.786 @ $2.23

If you do that then there is a good chance it does go somewhat lower than the 0.618

But the 0.618 @ $2.89 is the magnetic ratio and so it is the ideal buy point.

So you might buy perhaps 60-90% right there @ $2.89 and I think it has a good chance to be an excellent long term buy-and hold.

The 1.618 time extension which if correct signals that this may get moving on up somewhere near early Spring next year 👍.

9月12日

ノート