Hi, sorry for the delay. I was out and just came back. I remember that I charted SGMO some months ago when it broke out of the falling wedge. But I do not remember if I sent the chart by PM to someone or here in the blog.
Ok, everthink looks fine so far. Stock broke out of the wedge at around 7.90 and made a nice run to 17.
Followed by 4 weeks (healthy) consolidation and shake out of investors that bought above 15 cleaned the kitchen. With no bad news the next target is 19.25 and finally the measured move of the falling wedge at 22.67.
Stock should not go under 10 now, in best case not under 12.04 which was consolidation low.
The dotted black rectangles support the wedge target as they could represent a classic ABC move, which means A first leg up and break above the wedge trendline, B down as consolidation and now within C which height should be at least the same hight as the first rectangle.
Enjoy!