Long

KALA PDUFA run up - bullish

Updated

This is my first published idea on Tradingview. I play biotech and pdufa run up and data releases. KALA has a pdufa aug 15th, based on the chart it looks to be heading into a bullish run into possible FDA approval.

I made three resistance points to watch out based on the 50 and 200 moving averages as well as prior resistance points. GLTA!!! Let me know if you have any questions or comments.

Thanks!

Note

July 30: Broke through first resistance point at 5.77 with average volume.
July 31: Touched second resistance point at 6.77 is now in the process of retracing. I think replacement bottom is 6.10ish.

We are in a bull run heading into Aug 15th PDUFA date. Look for a good entry and GLTA!!

Note

August 1:
Broke out of Triangle with steady volume. Looking for continuation of bull trend into PDUFA aug 15

Cream4349

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