CODX trade ideas
Codx quick analysis.This chart is for raimis12 who requested it.
I was supposed to post this last week as a video analysis but time has been in short supply lately. I apologize guys, it wouldve been an awesome win for us all.
I show a couple different scenarios here for this asset. The bulls are in control as we are well above that 200 daily ema. I show the bull and bear scenarios here. Green is the bullish target and the red is the bearish count bring us back to that infamous 89% retracement before we head higher. The macd looks strong and we did not got daily RSI divergence so we could easily continue higher. I wouldnt be trying to short this honestly. But anything is possible because we simply dont have enough price action history to go off of. The best we can do is minimize our risk and maximize our reward by getting a good entry point.
Thanks for your time guys and gals
Rigo
CODXcorona bubble is dead.
can't get in rn tho cuz td is rejecting my short-orders for some reason. fking bs
Co-Diagnostics, Inc. Bullish trend breakEvery tared is very dangerous in this market, be wise and safeguard your capital
Co-Diagnostics, Inc. is a molecular diagnostics company, which engages in the development, manufacture, and marketing of diagnostics technology. The company's products are utilized for tests that are designed using the detection and analysis of nucleic acid molecules. It also uses its proprietary technology to design tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers. The company was founded by Brent C. Satterfield and Dwight Howard Egan on April 18, 2013 and is headquartered in Salt Lake City, UT.
Co-Diagnostics, Inc. Bullish Setup $codx
Break from Channel
Move above the Middle bollinger band bullish
Co-Diagnostics, Inc. is a molecular diagnostics company, which engages in the development, manufacture, and marketing of diagnostics technology. The company's products are utilized for tests that are designed using the detection and analysis of nucleic acid molecules. It also uses its proprietary technology to design tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers. The company was founded by Brent C. Satterfield and Dwight Howard Egan on April 18, 2013 and is headquartered in Salt Lake City, UT.
Correction underwayWe just finished a zigzag from the top, and are now either forming a B wave or resume upward trend. This count shows a more complex correction
Co-Diagnostics, Inc. Targets $codxCo-Diagnostics, Inc. is a molecular diagnostics company, which engages in the development, manufacture, and marketing of diagnostics technology. The company's products are utilized for tests that are designed using the detection and analysis of nucleic acid molecules. It also uses its proprietary technology to design tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers. The company was founded by Brent C. Satterfield and Dwight Howard Egan on April 18, 2013 and is headquartered in Salt Lake City, UT.
just getting started i've been trading this for awhile, in and out is how you grow an account. staying on the watchlist for now.
Coronavirus Chart Mapped With Support & Resistance LevelsHere we have the CO DIAGNOSTICS INC - Cboe BZX (CODX) chart, which is the stocks now tracking the coronavirus... This thing is showing massive growth.
We can start by looking at the weekly timeframe... This is a complex setup for me, TA here is hard.
CODX (W):
When the chart is looking like the one above, it is hard for me to pinpoint what will happen next... Prices can easily continue to grow, just as they can start to drop when the day closes.
And for this reason, we mapped the full chart.
Here we have targets (magenta), support (blue) and trendlines (orange and blue).
Feel free to share your thoughts about the Coronavirus, and this chart, in the comments section below.
Thanks a lot for reading.
Namaste.
CO Diagnostics Inc Coronavirus StockCo-Diagnostics, Inc. is a molecular diagnostics company, which engages in the development, manufacture, and marketing of diagnostics technology. The company's products are utilized for tests that are designed using the detection and analysis of nucleic acid molecules. It also uses its proprietary technology to design tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers. The company was founded by Brent C. Satterfield and Dwight Howard Egan on April 18, 2013 and is headquartered in Salt Lake City, UT.
SHORT CODXDont usually do legacy markets BUT.. This is a fantastic trade with a wonderful RR. I haven't exactly looked at any SEC filings yet and I haven't seen if this is news driven but I am convinced this is a fantastic trade. Mondays also tend to be a nice day to dump in legacy shit markets so the probability is in our favor on alot of different fronts. Now we just need to either get stopped out or take a dump.
Good Luck Gents,
Mr. Manbearpig
CODX buy NOW around 1.1usd - PUMP and DUMP - go to the MOONBUY CODX = 1.1$
STOP=0.7$
TARGET1=2.9$ R=4
TARGET2=3.8$ R=7
TARGET3=5.1$ R=10
Chart 1 month big big level and base = 0.8$ to 1.1$
NEXT level 3.0$ usd
CODX is setting up to be a major player in the extremely “Profitable” $100Bil Biotechnology sector focusing on “Cancer Detection” using its patented CoPrimer™ technology with applications in Liquid Biopsy and companion diagnostic tests.
CODX just announced exciting news of favorable results on a study to detect cancer mutations using its patented CoPrimer™ technology, with applications in liquid biopsy and companion diagnostic tests.
Co-Diagnostics Disrupting Multi-Billion Dollar Biotech Sector With State-Of-The-Art Patented CoPrimers Providing High-Performance Detection of Cancer Mutations in Liquid Biopsy Samples Co-Diagnostics Inc. looks to be moving forward in a record-breaking pace...
I believe at just $1.10 this NASDAQ biotech stock is seriously undervalued.
Look at one of CODX biggest rivals biotech Giant Illumina it trades at $286 dollars per share, another rival to look at is Myriad Genetics it trades at $25 dollars per share.
One of CODX biggest rivals is likely biotech giant Illumina which is a “Cancer Detection Stock.” Illumina trades at $286 dollars per share, and drew over $100Mil from Bill Gates, Jeff Bezos and others to launch Grail.
CODX buy NOW around 1.1usd - PUMP and DUMP - go to the MOON
(Nasdaq: CODX) Bullish signal - GOLDEN CROSSThis could be the next NASDAQ Biotech ready to move in a big way, here's why...
(Nasdaq: CODX) displaying the Holy grail of Bullish signals - a GOLDEN CROSS.
The 50 Day EMA just crossed the 200 Day EMA, which most of you know by now is a bullish signal that indicates a potential breakout is on the Horizon.
Here Is Another Potential "Breakout Catalyst" In Play
Wall Street Analysts at H.C. Wainwright & Maxim Group have both given Co-Diagnostics (Nasdaq: CODX) Buy rating with a $2.00 Price Target, almost double its price at Fridays close, suggesting the stock has a potential upside of +80%.
Co-Diagnostics Inc set for sustained rally. NASDAQ:CODX a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, announced today the growing use of the Company's Vector Smart(TM) NAM-W test by mosquito abatement districts to identify the presence of West Nile virus (WNV).
AVERAGE ANALYSTS PRICE TARGET $2
AVERAGE ANALYSTS RECOMMENDATION BUY
P/E RATIO
SHORT INTEREST 8.7%
COMPANY PROFILE
Co-Diagnostics, Inc. is a molecular diagnostics company, which engages in the development, manufacture, and marketing of diagnostics technology. The company's products are utilized for tests that are designed using the detection and analysis of nucleic acid molecules. It also uses its proprietary technology to design tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers. The company was founded by Brent C. Satterfield and Dwight Howard Egan on April 18, 2013 and is headquartered in Salt Lake City, UT.
Pre Market RunnerThis was a pre market runner from 0.90 -> 2.25, but could not find strong enough support and ended up falling right at market open, through out the entire day. I will be watching for continuation trade, and will set my alert at 1.58 level, as that will be key. Break and re-test at 1.58 is what is needed for the trade.
Consolidation - 1 hr Interval - CODX Hello Successful Traders,
The stock (CODX) has manifested an immediate reversal in direction within the early bell. Even though the PR had presented valuable insight on "High-Performance Detection of Cancer Mutation in Liquid Biopsy Samples" (TD Ameritrade). Be diligent as there could be a very quick and sporadic movement to the upside (bounce - bullish). Await confirmation prior to entering the market.
Resistance Level 2 - (1.50 - 1.85) 35 cent interval
Resistance Level 1 - (1.45 - 1.65) 25 cent interval
Key Price Zone (KPZ) - (1.30 - 1.55) 25 cent interval
Support Level 1 - (1.10 - 1.40) 30 cent interval
Furthermore, fundamentally (CODX) has been enduring quite significant volume. Perform diligence and analytics properly
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Diligent and Stick To Your Trading Plan)***
-LionGate
CODX gap to fill at 2.15Gap fill would also mean a breakout from the downtrend so lots of upward potential there.
