After a major run up, I thought this monkeypox stock was due for a pullback. Here’s the update Total Alpha subscribers received in their inbox:
Here’s what I said about the stock:
After running from below $8 in May, SIGA was trading over $26 last week. I think the pullback over the last few days is just the beginning, and I took a position on this last week. The next REAL support level is at around $15.
Here’s what happened:
SIGA TANKED!!!
Here’s how I traded it:
Here’s what subscribers are saying:
Total Alpha subscribers are walked through my best trade ideas such as this step by step, as I navigate the markets. Take a full month trial here for only $99
Having hit my target to the downside, I like SIGA again but this time to the long side. I would stop out on a hold below $14.50, but I think this can run to nearly $20 again in a short squeeze!
From the chart $15 was a prior level of significant resistance and also where SIGA found buyers for a move through $20. I think history could repeat itself and am stalking the stock for an entry!
To get my best trade Ideas and learn how to trade like an Alpha, sign up today for a discounted trial. You’ll have access to my real trading portfolio, and updates to every move I make in this market.
There’s a 30-day satisfaction guarantee, so if you’re not happy, no worries, but I think you’ll love what we’re doing at Total Alpha! Click HERE to Subscribe!
