Pacific Biosciences of California, Inc.

21 lug 2022

On the above 6-day chart price action has corrected 90% since the sell signal back in February 2021. A number of reasons now exist to be long, including:

1) The ‘buy signal’ prints. Look left, not to be ignored on this time frame.

2) Price action and RSI resistance breakouts.

3) Price action prints a strong DOJI candle on the 0.786 Fibonacci level

4) Despite the correction, price action is in an uptrend. This is clearly visible on the monthly chart below.

Is it possible price action falls further? Sure.

Is it probable? No.

Ww

Type: trade
Risk: 6% of portfolio
Timeframe: 5 to 8 months
Return: 400% minimum

1-month chart

30 ago 2022

Trade attivo

This would be a good long moment following the correction from $14 area.

6 ott 2022

Trade attivo

Up 40% in a little over one month. Not bad.
The higher time frame has now printed an astonishing signal, can you see it?

28 ott 2022

Trade attivo

Almost 100% now. No sell signals.

10 nov 2022

Trade attivo

130%+ so far.
There's something rather exiting, will share on the Patron page.

9 gen 2023

Trade attivo

21 giu 2023

Trade chiuso manualmente

Not going to get the 400% aimed for but will be exiting with a handsome 160% return.

Price action structure is considerably bearish and there's better options out there at the moment.