Hi! Found another good opportunity to earn in Sutro Biopharma Inc [STRO:NASD]. It is a loss-making small-cap company (143M) that has all the fundamentals for a further price fall: All time low (no resistance levels) Sector Biotechnology (best companies for possible bankruptcy) Insider selling (!!!) No dividends Also we have a good technical background: Lower highs on the remaining bars Clear lever for breakdown + clear breakdown Close level retest (buyers have no power) No gaps and paranormal bars My position parameters: Open @ 2.35 Take Profit @ 0.50 Stop Loss @ 2.72 See you in the next positions! If you have questions – ask!
Hallo friends! Another position closed by stop-loss is a position in Sutro Biopharma Inc [STRO:NASD]. Now it looks like a new retest is forming at the company’s prices. Fundamentally, the company still has nothing positive. I don’t know yet whether there will be reentry to a short position. Fundamentally, everything is suitable for this, but it will be clearly visible only if there is a low-risk entry point according to technical analysis. Total public account on the results of investments (profit + risk) is -2 (including this stop-loss in STRO).
