CDXS multibagger in the worksNASDAQ:CDXS
Chart looks epic. Looking for 8.50 over the next year. Massive weekly volume and eye turning form 4s.
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CDXS trade ideas
Promising Long Trade OpportunityHello, traders! Today, I am excited to present a highly promising long trade opportunity that revolves around a bullish order block at $2.29. This trade offers an attractive risk-reward ratio, with a focus on targeting equal highs and capturing potential upward momentum.
Based on careful analysis, I have identified a compelling entry point at the bullish order block. This area represents a significant support level and serves as a strong foundation for initiating a long position.
To effectively manage risk, it is recommended to place a stop loss at $2.19. By positioning the stop loss below the order block, we aim to minimize potential losses in case of an adverse price movement.
The profit target for this trade is set at $3.79, aiming to capture potential gains as the price reaches equal highs. This level represents a significant resistance area, offering a favorable profit potential.
Notably, this trade presents an impressive risk-reward ratio of approximately 1 to 15. This ratio signifies that the potential profit is approximately 15 times the potential risk, making it an appealing opportunity for traders seeking high reward opportunities.
It is essential to closely monitor the trade's progress and adjust your stop loss or take profit levels as needed. Consider trailing your stop loss to lock in profits as the trade moves in your favor.
Please remember that trading carries inherent risks, and this trade idea should be carefully evaluated before making any trading decisions. Conduct your own analysis and consider seeking professional advice when needed.
Wishing you success and profitable trades!
Long Term Buy -(CDXS) Trend Reversal on the Horizon!Today, we're turning our spotlight on Codexis, Inc. (CDXS), a leader in protein engineering. We've been closely observing CDXS and see a potentially exciting opportunity unfolding, and we thought it would be a great time to share our thoughts with you.
Our analysis reveals that CDXS is currently showing promising signs of a trend reversal, indicating a possible long-term buy opportunity. These trend reversal patterns are often great signals to investors that the current market sentiment is changing, offering us the chance to get in on the action early.
$CDXS - May be worth a pre-market buyThis hadn't popped up on my scans, but it is:
1: Sitting on 20ma after decent pullback
2: Sitting on volume shelf
3: Just added by ARKK after hours.
This could fly tomorrow. Might be worth staying up late (1:30am my time) to try to get s good position. I don't think this will be a R3G type of start out the gate. I see a Gap & Go possibility.
CDXS - ARKG has been buying this name. Cup & HandleARKG has been buying CDXS on this current falling wedge. I am sure they did their DD.
There is a pattern of CDXS dipping before breaking above the poll high.
Using symmetrical patterns from prior price action patterns, the play can form a Cup & Handle pattern to the resistance.
Entries: $16.44 , $15.77, $14.95
2-3 months swing
PT: $22 then All TIme High
You're Gonna Want To Own This 10 Years From NowIt's true, I am a technical trader. But I am an overall investor when buying for the long haul. CDXS has dipped back below its IPO price, and the CEO has just purchased 10,000 shares of stock with his own money. He has sold stock in the past, but they were all options exercises, exercised and sold same day for a much higher price. Basically free money. His overall share count never changed. Until a couple days ago. Technically is running into the weekly 125 moving average, and coming up on horizontal support levels. But what this company does is very relevant in the lower drug price debate, and it has nearly 100 million in cash to use however it wants to foster additional growth. Put it like this--CDXS is the primary holding in the custodial account I have for my daughter. Tells you about all you need to know about my feelings about this company 10-15 years from now. Trade as you wish, but invest for the future, not the moment. Happy hunting and GLTA!!
CDXS Consolidation PlayCDXS in short term consolidation but long term uptrend likely still up although showing weakness. The past week we have seen fierce selling but last trading session we are spotting some bullish price actions back at 19.50 support, indicating that buyers are ready to take control. Short covering can be expected too. As such, we might see a return back to the 22 dollars resistance where profit taking can happen again..
