EYPT - Setup: A

EYPT swing opportunity

Our goal is to play the channel 2.45 - 3.6

-Above 2.45 we have a push towards 3.04 resistance as a mid range check then breakout past towards 3.6

- We like this setup as it's stable and we like the company because of the numerous products it's rolling out over the next 1-2 years with numerous pending catalysts such as approval and trial dates, showcases and conferences etc.

Duration for movement towards 3.6 - 1 week or 4-6 weeks

- either we will get a catalyst or the price will grind up on it's own

Acceptable entry will be just above the 2.45 reclaim however I am taking a starter at 2.42 as this is stable movement today and we want to avoid missing our better entry

tight stop: 2.39

loose stop: 2.33

With the value zone entry happening today this move takes on much less risk with a technically riskier entry (daily chart considered). Over the next 2-5 days we will watch to make sure EYPT is able to push past 2.62 (daily resistance of the immediate setup)

swingChris WingfieldComment