Here is an analysis of a potential bullish scenario where the price could reach 390 DKK by June 13, 2025:
Bullish Argumentation
Triangle Formation: The price seems to be approaching the apex of a symmetrical triangle, which often leads to a breakout.
Potential Resistance Breakout: If the price breaks above the descending trendline (around 225-250 DKK), it could confirm a strong bullish movement.
Volatility and Bollinger Bands: The wide Bollinger Bands suggest a period of low volatility, which is often followed by a significant move.
Target Calculation:
The triangle's height (approximately 250 DKK from bottom to top) is added to the breakout level (~225 DKK), giving a target of around 390-400 DKK.
The projected timeframe until June seems realistic if momentum picks up.
Caveats
Failed Breakout: If the price does not break resistance and instead falls below the rising trendline (~150 DKK), it could lead to further declines.
Low Volume: If a breakout occurs without high volume, it could be a false move.
Macroeconomics and News: Bavarian Nordic is a biotech company, and news events can dramatically impact the price.
Bullish Argumentation
Triangle Formation: The price seems to be approaching the apex of a symmetrical triangle, which often leads to a breakout.
Potential Resistance Breakout: If the price breaks above the descending trendline (around 225-250 DKK), it could confirm a strong bullish movement.
Volatility and Bollinger Bands: The wide Bollinger Bands suggest a period of low volatility, which is often followed by a significant move.
Target Calculation:
The triangle's height (approximately 250 DKK from bottom to top) is added to the breakout level (~225 DKK), giving a target of around 390-400 DKK.
The projected timeframe until June seems realistic if momentum picks up.
Caveats
Failed Breakout: If the price does not break resistance and instead falls below the rising trendline (~150 DKK), it could lead to further declines.
Low Volume: If a breakout occurs without high volume, it could be a false move.
Macroeconomics and News: Bavarian Nordic is a biotech company, and news events can dramatically impact the price.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.