In my yesterday's post, I had pointed out that Ziopharm (NASDAQ:ZIOP) was itching to breakout as all systems were go...The trigger would be the print of $10 on its chart...
Well, as you can see from its PnF chart, that trigger was achieved yesterday when @ 12;08 PST or 3:08 EST, ZIOP printed $10 and it brokeout from its flag formation on its PnF chart shown here...
Next stop: $15
This ride in ZIOP is just getting started...and as I like to say, the ride is going to be a doozy!
DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.
Disclosure: The author is long ZIOP.