The following notes & chart outline the trade parameters, including the buy trigger & price targets, for a swing trade on PBYI, Puma Biotechnology Inc. Silver or Gold level access required until this trade is completed.
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PBYI Puma Biotech Swing Trade Idea
Home » Blog » All Trade Setups » Long Setups » PBYI Puma Biotech Swing Trade Idea
Hi Randy, this one broke my heart.. I saw the daily positive divergence, and I went in one week before the earnings. There was an earning miss and 20% drop after-market. I got a little panic and sold my position, and the next day it sort of recovered most of loss from the earning miss, then today with a 20% jump. Sometimes I just felt trading small stocks is kinda difficult. Any advice? And in the meantime, WORK actually has daily positive divergence as well. I’m currently have a position with WORK. I would like to see if you think… Read more »
Actually, I do have a tip that would be relevant to that situation. I used to think that if I got into a stock a bit too early with my stop being hit that I’d just have to accept the loss & move on to the next one. However, I’ve long since learned that was a very illogical response. Now, if I’m stopped out of a trade, I have no hesitation or issue re-enter that same position if the charts are still clearly bullish or bearish AND I see another objective entry. Yes, you booked a look on PBYI due… Read more »
I’m definitely watching closely on the market, rising wedge+negative divergence+lower volume, but sell signal pending. Opposite on VIX. In the meantime, a decent amount of small cap stocks are rising 10-20% on okay earnings: ODP, COMM, etc, and some seems to be driven by option bets: EXPR, MIK, etc. Those jumps along with the broader market condition kinda worries me, and sometimes I think I’m getting more paranoid after looking at screens and my positions for too long:) Thanks for the tip and guidance! I’m still long way to go on the journey of learning and trading:)
I call that the “Dash for Trash”. It’s common near a market top (although it doesn’t guarantee one) to see a final thrust up in the major indexes when the masses collectively come to the conclusion that the market is a sure thing for the foreseeable future with little to no risk of correction & nothing but gains ahead. At that point, the mindset is “Why make 5-10% on the mega-cap market-leading blue chips stocks when I can make 20% on low-priced, aggressive stocks?” Not point in fighting that trend while it lasts & ok to join it (as I… Read more »
Yea, I agree! Thank you again for the quick reply! And hope you have a great weekend!
And this is the chart I have for WORK.
This looks bullish for WORK with lower divrgent low and positive indicator
@rsotcHi Randy, I have not entered yet PBYI on the break.
Shall the next entry be above yesterday’s high $9.09? or above your previous entry $9.05?