DTIL - Flying under the radar towards 33% gains in 10 weeks?
DTIL has been gaining of late inside of the small BLUE rising channel. As unassuming as it may look, this 3 month uptrend has already broken through a couple nasty resistance lines: the upper boundary of the RED falling channel, and the horizontal resistance of the BLACK rising triangle. If DTIL can trade above the 200 dma (4% above current price), then it could fulfill the ascending triangle's target at 11.35, some 33% gain from today's price, in as little as ten weeks.
This BLUE rising channel could bring DTIL back to its all-time highs in less tah ten months, for an excellent 130% gain, but the chances that price will stay inside this channel for so long are almost zero. Early stage biotech companies are extremely volatile; they can explode higher or crash down at any time, regardless of existing trends. So trade them very carefully, and take all price projections with TEN grains of salt.
Full disclosure: I own DTIL at 0.9% of total assets, the absolute maximum that I will invest in such a volatile biotech stock. They have a great pipeline of non-invasive, immunotherapy based potential cancer treatments, and some exceptionally bright minds developing them.
This BLUE rising channel could bring DTIL back to its all-time highs in less tah ten months, for an excellent 130% gain, but the chances that price will stay inside this channel for so long are almost zero. Early stage biotech companies are extremely volatile; they can explode higher or crash down at any time, regardless of existing trends. So trade them very carefully, and take all price projections with TEN grains of salt.
Full disclosure: I own DTIL at 0.9% of total assets, the absolute maximum that I will invest in such a volatile biotech stock. They have a great pipeline of non-invasive, immunotherapy based potential cancer treatments, and some exceptionally bright minds developing them.
评论:
Today DTIL will probably backtest falling channel resistence as new support. If it doesn't hold and price falls back into the red channel, then it's going to be a rough time for this one...