Short on CRISPR Therapeutics AG (Ticker CRSP)

Technicals:

- 5 touches of 59.30 ressitance since 5 Dec. without breakout
- ressistance on 0.382 fibo after breaking to 0.618. Measure since 8 Apr.
- potential downside to 43.00 - 44.50 support zone matching 0.786 fibo
- ыcenario invalidated if two bars close above 61.12

Fundamentals:

- local uncertainty after insider sales by CEO. Average price 60.19 per share
- long term development remains promising, taking into account industry's defensive profile in a recession
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⚠️ Signal - Sell ⬇️
✅ Entry Point - 55.52
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🛑 SL - 61.54
🤑 TP - 42.89
⚙️ Risk/Reward - 1:2.1 👌
⌛️ Timeframe - 1 month 🗓
# - - - - -

Trade active

Note

Close 50% of position in range 47.00 - 48.00 to partially fix profit in case of reversal

Note

No major changes in price action. Bears continue to drive the price toward the target. Position remains open

Note

Strong price bounce after reaching 45.72
Therefore it is always necessary to close position partially - you never know where the price decides to reverse

Trade closed manually

Price returnned to entry point and moved above, reaching stop loss.
Having closed 50% of the position at 47.40 ended up with some profit after the month-long trade

TotSamiyKaa

Visit my Risk Enforcement App → mywarner.app/
Follow me on Telegram → t.me/totsamiykaa
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TotSamiyKaa

Visit my Risk Enforcement App → mywarner.app/
Follow me on Telegram → t.me/totsamiykaa
Watch me on YT → youtube.com/@totsamiykaa
See me on Threads → threads.com/@totsamiykaa

Also on: