BIOMARIN - GOOD BUY OPPORTUNITYToday we gonna look at the pharmaceutical company, as a potential new giant trend on the stock market. NASDAQ:BMRN laying on the strong support line near $87.87 and can move up suddenly. My recommendation:
1. Buy now around 87.87
2. Take profit: 109.45
3. SL: 78.68
Risk/Reward - 2.39, potential profit - 24,6%
Healthcare
$JSENTC Netcare 911, we have an emergency!This chart looks like an emergency that requires an urgent intervention! Perhaps the major volume seen today could be an indication of capitulation and i will be monitoring the price action in the days ahead to see if it is able to recover from these over extended levels. Should this level hold which is also coincidentally the bottom of the downward sloping channel, we could see a bounce take place to the R21.00 - R21.60 area. R21.60 is an area where the chart also has a small gap which might want to fill first before any further downside ensues.
Long GWPHUrg.. tradingview decided to hide a lot of my previous idea because I didn't go pro, what a scam.
If you like my charts and would like to support me going pro for $12.95, please msg me so i can keep sending out these ideas weekly.
TradingView
Open position at $182
Stop loss at $180
Take profit at $187
Why this play?
Gwph had a pretty good earning but got beaten down due to market conditions.
they had a lot of upgrades with price range of $200+ the last few days but they can't move with market uncertainty.
AS soon as market runs, they will fly, but ofc that will depend on market.
XLV recovering for SummerXLV pulled back sharply largely to do with a knee-jerk reaction to the Dems ‘Medicare for all’ (ie Europe-style government health service). Contrast this to the general Dec 2018 market collapse, and we see
- a 7.2% W1 rise
- a 50% W2 pullback
- a W3 repeating the move, and running to the 1.618 fib
The price carried on after December, but just anticipating a repeat of that move gives us an entry at 87.75 for 94.00. A 1.4% stop is comfortable (86.50) to give a 5:1 trade.
Healthcare is a typically strong summer defensive, and notably (on the daily chart), after the outlier of Dec 2018, kept in its long-term channel in the April collapse.
Short the Red box :OWe have a good shorting Opp here. Its showing signs of reversal on most timeframes especially the larger ones such at the Month, Week and Daily.
Noone can see 3-4 years into the future right? Well I'm no different so dont take this as financial advice more of just a hey this looks ok to me sort of thing. Ive taken the time to give you a Fan, a Triangle, and major resistance and support levels on larger time frames. Take the time do your own research but hope this helps guide some in the right direction Enjoy :)
Purple is Monthy
Yellow is weekly
White is Heavy resistance/support lines due to large moves up/down
Red Box: Short Area
Overall Target it is 18-19, with potential to break through to 7-8
Biogen Inc: Rare Long-Term Buy Opportunity.Biogen has lost over 30% of its value this month. Looking at the monthly chart, we have concluded that this is a rare investment opportunity as the current price is just above its 1M Support Zone.
Historically we see that such an aggressive sell off recently took place in 2015 - 2016 and again the stock managed to recover almost reaching the 390 Resistance again. This pattern may be similar to the one the long term (~10 year) consolidation that took place after the 2000 peak. The price then traded sideways roughly within 17.00 - 71.00, providing a buy opportunity on every major pull back.
We believe such an opportunity is presented now. Every dip near the 180 - 205 Support Zone can be bought with 350 - 390 as the Target Zone.
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Biib - Good Pe & strong market- Bottom fishing?Take position 223.05
Stoploss at after 222,
Take profit 228
if that breaks, switch to short and ride it to to 205.
But PE is really low for a bio stock,fundamentally, it's good value.
If we get a rally again in the market and sector(LABU) continue to push. this will probably go sideways.
Innovate Biopharmaceuticals 3.55 target on good reportinglot of lines and PTs can elevate fast if this breaks out on volume inflation in April
Notice the 1M candle is Red 9 for March. Ideal play here is an entry under $2.00 (on support retest)
if we change cycle from accumulation to Bull Cycle, look for late 2019 take profit area (Sept-Dec)
Pfizer PFE Possible Inverse Head & ShouldersAwaiting completion of a what looks to be a very nice inverse head and shoulders for NYSE:PFE .
Notes:
Bullish TA outlook - PFE broke out of a long-term head and shoulders recently, which is clearly visible on the weekly chart
Buy Rating - 10 analysts cover NYSE:PFE . 5 Buy recommendations and 5 Hold recommendations. This has improve gradually over the past 3 months
Analyst Price Target - Average $48.50 with a high of $55 and a low of $45
Trade:
Buy - Strong breakout above $43.75
Stop Loss - Personally I would do any close under the 200 day MA but you could go as low as $40.33
Stop - Based on the size of the IH&S ($39.50 low to $43.75 neckline), TA theory indicates the stock should head to roughly $48, which just so happens to be right around all time highs (coincidence??)
Possible Penny Stock Bounce Set Up(OTC:PHGRF) recently experienced a large sell off with the RSI moving into oversold territory. CMF has held steady during this price decline indicating that investors are not rushing for the exit during this pullback. As (OTC:PHGRF) reaches a support level in the mid .50s the RSI and CMF appear to be signaling a possible bounce from these oversold conditions.
Long GBIO33, Short HYPE3Long GBIO33 and Short HYPE3 on breakout from multiple timeframes negative trend line and GBIO33's strong bounce off lows. Fundamentally, HYPE3 well priced while GBIO33 is an undervalued growth case.
Neovacs - strong bullish trend expectedResults of IFN Kinoide on Lupus research are very significant (95% efficacy observed). Volume increase strongly on the biotech and strong breakout of the 0.25 resistance has been observed. Pullback on the 0.25 level is resolved and the stock is now in perfect conditions for a bullish rally. First target is 0.5
IBB Correction IncomingPsychology of a Market Cycle Cheat Sheet: goo.gl
IBB's chart is identical to the chart on the market psychology cheat sheet linked above.
IBB 5-wave cycle is over + Truncated 5th
Algorithms exit the market after extended 3rd waves, leaving the 5th with no volume nor liquidity, just as it's done for IBB .
Current Market Condition: Complacent. Just "cooling off for the next rally".
50%-60% Downside.
TRON-BREAKOUT-UPDATEOTC:TRON is one bright spot in the market.
toroninc.com
This is an update to a previous idea.
Primary Wave is extending.
Primary Wave:
Fib Time:
Current:
Near-Term Target:
Will update.
-AB