Editas is an attractive long set-up. What's that, Sonny? Adidas? No, Editas. Is that a shoe? Nope. EDIT is set up with universal positive divergence across all indicators on the weekly, daily and 2-hour charts. It is loaded up with rocket fuel ready to launch. Will it catapult skyward or blow up on the pad? The oversold stochastics are agreeable to a rally ditto the falling green wedge pattern.
The bottom standard deviation band may be tagged at 6.87 so it can be given a little bit of rope before ditching it if it continues lower. The low in January was solid with universal possie d so it is surprising that she slumped over and put in lower lows in price; the January low would have been expected to hold. Maybe there was some negative news that hit it 7 weeks ago.
EDIT will be interesting to watch. Keystone bot it yesterday looking for the possie d launch to occur and may add going forward. It will be tough for longs to gain traction as the overall stock market remains directionless and choppy. Will EDIT be the medicine that the bullish doctor ordered or will it be Poison in the Well? This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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