Cassava Sciences Inc (SAVA)

[stocktrademan]

SAVA buy 78.83

well recently it ran up fast then meandered back to half the peak value, this is the fairly common 50% fibonacci retracement tool level that's still ok bullish (they can bounce off the 61.8% level then otherwise the trend might be bearish, and bounces off 38.2% indicates a strong trend)

then it held its ground and is going back up some more, this makes me immediately look for a bull flag on the charts

there is a nice one on the weekly log chart with a price target in the thousands or hundreds perhaps, time is money so get paid to wait that's what I say

then look at the big chart at the end it's an inverted head and shoulders bottom, thankful my scans are catching that breakout this far out in charts

because the large time scale means the rally will be both high percentage and continue to produce results repeatedly and for a very long time

plus buying on margin you can get 1.5x extra leverage for profits putting debt and money to work for you

as well long term options, spreads, cash secured puts might also be considered



https://www.cassavasciences.com/


https://finance.yahoo.com/quote/SAVA/profile?p=SAVA

https://www.barchart.com/stocks/quotes/SAVA

https://finviz.com/quote.ashx?t=SAVA

https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=SAVA

https://stockcharts.com/c-sc/sc?chart=SAVA,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b

https://www.barchart.com/etfs-funds/quotes/SAVA/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=TREND&sym=SAVA&grid=1&height=500&studyheight=100&timeframe=2%20Months




normal chart









log chart









normal chart








log chart