AKBA 4HRNASDAQ:AKBA 4HR chart is setting up a nice buy signal. It has a very large rounded base followed by a trendline break. Additionally, the 50 EMA is about to cross above the 200 EMA.
AKBA
AKBA - Long Setup Looking for a break above 5.11. Stop signal 4.31. First target 6.43 , Second target momentum.
Random Pick of The Week | $AKBA BioTechWelcome to the first "Random Pick of The Week", where I will randomly select a ticker to chart based on comments posted below or sent via direct message.
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Todays's Pick: AKBA / Akebia Therapeutics Inc.
Looking at the great scheme of things, we can see that AKBA has been in a steady downtrend for the last 5 years with only a few points of high demand. We've seen some massive leaps throughout the last 5 years, which is as expected knowing that we are trading biotech.
We look like we will sit in a wedge up toward the start of 2021, leaving us with sideways movement (-+8%) until. We look for a breakout and retest of this wedge if bulls have any hope of any run into the New Years'. If we break out, we have $3.95 set as a short-term target and $7 as our long-term. We must watch $2.75/$2.70 as our weekly support, if lost look to short toward $2.10/.20.
FYI: Ignore the green box, it decided to change angles last second.
DCJ | Happy Holidays
$AKBA #AKBA second green candle confirmed Continuum of momentum with the news , expecting uptrend in directional and price appreciation for a whole next week . Target 6% here
AKBA - Flag formation Momentum Long from $15.60 & $15 Oct Calls AKBA had a good upward run forming a fallen angel formation, and now after some consolidation it seems getting ready for a second run.It has a fair amount of insider buying going on. We think it has very good upside potential if it can break around $16.60. To play this we would consider October $15 calls, which are $1.45/$1.75
* Trade Criteria *
Date First Found- August 24, 2017 (Intraday Alert)
Pattern/Why- Flag formation; Fallen angel formation continuation.
Entry Target Criteria- At current label ($15.60) (Hti August 24, 2017)
Exit Target Criteria- Momentum
Stop Loss Criteria- $ 14.63
Please check back for Trade updates. (Note: Trade update is little delayed here.)
$AKBA wicked coil up$AKBA in a wild coil on daily.
Positive divergences on RSI indicate a move north. OI is also strong for 10 calls.
Looking for a move up.
