Uptrended all day yesterday. I traded it before in the $6 price range when it was really crazy. It’s a lot lower now so it shouldn’t be as bad. Could have support around $2.10.
This stock has been on fire last few days. Starting to get a bit extended I feel.
Earnings. Random midday spike at 1:00 PM. Could have support around $10.00.
Rebounded quite a lot yesterday. Support at ~$8.50.
Earnings, closing of public offering, conference presentation.
Terrible long term chart.
Huge gap up after hours on FDA news. Seems like the only way to trade biotechs is to short them during premarket.
- Proteostasis Therapeutics Announces FDA Grants Breakthrough Therapy Designation for PTI-428 in Cystic Fibrosis
My algorithm bought $ECYT around 9:55 AM and hit a nice 35c move. I was seriously impressed by that since the chart looked like it was not doing anything. It made a few crappy trades after that on $AMD/$GE and something else. Needs a bit more refinement.
I feel like I’m actually learning something when I paper trade now.
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