Long-Term pattern suggests that after previous dilution, Eyepoint's stock price went range bound for quite awhile before breaking out. This marks potential accumulation range for anyone looking to build a position in EYPT. Ranges make for good swing trade positions (especially 20%+ both ways) and a way to average down. Range low/ highs, range from $1.42 -...
Recent data release may have changed SGMO's future outlook. Sangamo's long-term chart suggests a potential pullback to $4 is a possibility, but that was before a recent data release by the company for updated Phase 1/2 Results for SB-525 . This is an investigational Hemophilia-A gene therapy that showed sustained increased Factor VIII Levels with no reported...
I'm personally not doing a ton here with May opex a mere week away and June at 40 days until expiry, which is a smidge short of that 45 day wheel house I like to use for putting on plays. However, there is "stuff" to do if you're so inclined ... . M (71/54) announces earnings on Wednesday before market open, so you'll want to shoot for a fill on whatever you do...
Shares of generic drug manufacturer Mylan has become very attractive, especially after today's overdone selloff. While the company has some hurdles legally (what drug company doesn't?) and has some internal housekeeping to tend to, the shares are becoming too cheap to pass up. At the time of writing, shares are trading at $23.30, down about 17% on the heals of...
Biotech needs to hold $85.3(23.6% Fib retracement). Or next support will be 82.5 or 79.0 $XBI $SPY $LABD $LABU
Well the weakest link in the market has been the heathcare and ibb index .A time she is a changing maybe soon .Iam now net long ibb as of this post 40%
Applying some of the most popular indicators on the pair XBI/IBB shows an interesting pattern. While XBI has been clearly outperforming IBB since several weeks, a trend reversal seems to occur. IBB might catch up in the coming days and weeks.
overpriced drugs, many of which are mostly ineffective. short this greedy hog $LABU $LABD $IBB
some leaps here may not be a bad play on the trend $XBI $IBB
weekly 15 and 50 MA's turning down. triangle. puts under 185 $XBI $IBB
on weekly candles. 55 by spring? $IBB $LABD $LABU
Psychology 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...
The biotech sector is really interesting when you dive down into the symmetry of the last few cycles. Early 2000s-2008 and 2016-2018 are mini rallies within the bigger wedge. If this pattern is to continues, you can look for entry around the end of 2020 when we bump up against the larger support line (around $3600), and expect to hit the resistance of the larger...