Wanted to post a quick chart breakdown on SRNE. Stock is setup very well for a bounce and I am currently in NGD and BIOC and am not 100% sure I will be able to get in this trade. Wanted to ensure everyone had eyeballs on it in case you want to jump in.
SRNE Daily chart is above. This stock just touched a triple bottom! I love trading these setups as they usually are pretty safe as the stock is trading in a nice little channel, this makes it very easy to take advantage of the trade and the risk vs. reward is very much in your favor on this trade. As you can see today got a small bounce off of that triple bottom.
Now you may be asking ok, where do I enter?
Price Target: $2.20
Stop Loss: $1.95
Hope you like this setup, looks juicy to me! 🍉 Let me know your thoughts in the comments!