ArQule, Inc (ARQL)

Discussion in 'Stock picks and trading strategies' started by Blaine Tarr, Jun 18, 2019.

  1. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    ARQL - sorry I didn't post this one over the weekend. However, I still think it'll be in play for a while. Rumors of being a buyout target after their clinical trial results floating around now. (Know the news, trade the action)

    8 is the short-term max pain area going forward. Meaning if you buy dips or the next breakout, 8 should be your stop-out point if it fails. Otherwise, it may be worth holding onto a few days. Similar setup to the ARWR action covered here.

    ARQL 6.17.19.jpg
     
  2. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    ARQL this morning confirmed 10 will be the next breakout spot
     
  3. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    ARQL has consolidated quite nicely the past 2 days. Support & Resistance have become more defined. Thus a breakout over 10 gets it moving again, while a 9.15 support fail probably sells off back towards 8. Meaning my stop for a breakout trade over 10 will be 9.15 not 8.

    ARQL 6.19.19.jpg
     
  4. Stan Lund

    Stan Lund New Member

    Another nice one. I'll have to take the next breakout.
     
  5. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    ARQL testing 12 now.

    ARQL 7.3.19.jpg
     
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