Replies to post #1866 on Molecular Templates Inc (MTEM)

[vip1999]

IMO, a lot of traders are playing with the NEWS. This is in between news so it is ok to accumulate. Hedgies like to go both ways up or down. Great if you can follow them but as a Long, set your goal and stick with it. I will get more if it drop to $6s

[Jorge A]

The MA30 level (7.20) proved to be quite a solid support yesterday

Besides, 7.24 and 6.80 are two fibonacci's between friday's max (9.07) and the last relevant minimum (march 7, 4.36), and they've also been quite solid.

Next support levels? 6.73, 6.17, 5.48.

That said, I'm bullish, so next resistances: 7.7, 7.96, 8.22, 8.54

Likely short term target: 7.80-8.20 around next options expire date (April 20th) due to short-squeezes

[biomanbaba]

not that soon BUT we are headed THERE because there is a NEWS drought....a word of caution for those playing this game...The company has a history of POSITIVE surprises coming out of the blue...but IF WE DONT GET one of those I see 6.65 in the summer