NASDAQ:FPRX leaves its downtrend channel and starts to form an uptrend.
FPRX - Lots of buying from one insider in October-December 2019 around $4.00. Stop 3.43, First Target 5.43, 2nd Target Momentum.
Bollinger bands are still very wide-indicating a volatile market. MACD histogram is showing an upward slope towards 0 indicating a future recovery. Waiting on the MACD and signal lines to cross within the next couple weeks. Today's candlestick was a doji, signaling indecision, preceded by two inverted hammers. Today's doji may be a sign of reversal.
FPRX is forming a nice fallen angel pattern. It had a huge decline, and now getting some upward momentum. For entry we are looking for a break above its SMA50. * Trade Criteria * Date First Found- April 24, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Break of $34.31 Exit Target Criteria- $39.23 Stop Loss Criteria- $31.73 Please check back for...