I have a strong feeling... (EDSA)Hello everybody and happy new year! ❤
Major retest of breaking 6-7 years of channel Resistance. The retest after a very strong impulsive move out of the channel is forming a falling wedge with very tight price consolidation. Another plus about this stock is that it has a very low float. I like accumulation here, maybe one more chance at 3.56
I'm extremely bullish on this and see a lot of correlation with a lot of other low float biotech / pharmaceutical stocks.
My thoughts on a very long term swing trade,
See you at the top 🚀
Pharmaceuticals
Glenmark ready for another 30% up?Glenmark broke its 4 downward trend in August 2020 and since then it is consolidating around the same levels.
Any thrust upside could be really quick and furious.
Form march lows, it has also taken 32% Fibonacci retracement level, which usually acts as strong support.
We can go long with a target of 680-700 with recent lows as a SL.
ADMPBullish on this penny off the low. Not sure if we have more correction. though the low was in at .48 which is still a possibility but close to invalidating
MRNA looking for support @ 109We could see a swing back to December Highs With pending FDA approval and a hot market we can see MRNA swing back to the upside. With almost double the average volume traded on December 27th and large institutional stakes in the company Moderna is set to explode in the next few weeks.
AFT Pharma Trading at Support Level BUY OPPORTUNITY NOWThis is a simple support & resistance analysis of this stocks current price level. The stock is at a price level which can be said as a good established support level, the last time the stock was here it was almost 3 months ago and it made good gains after touching this level. If anyone beleives there are other reasons for why this stock will continue to fall below support, please comment ASAP! Im going long on this one now...
Aspen analysis Aspen had a positive week with a good rebound at R 107. This seems to be a good support line as the price is struggling a bit to go below this point. Currently sitting at R121, this could be a welcomed reset as we can expect the price to approach support again possibly in the new week depending on market sentiment overall. On the business end Aspen seems to be doing quite well, and we are certainly hoping this does reflect soon in terms of share price. From 105 to peak of 154, would yield a healthy 46% return which has a good chance of being realized in future. For now its a hold and those wanting to buy in would probably watch to see if a pull back is on the table.
Major Wave Higher? Or down we go 🎩We maybe have finished movement inside this monthly downward channel, which looks like a corrective channel for previous bullish impulse. Chances are we will go north from here. But if price will brake this channel downwards it may as well become ugly, and there is no support levels, I guess?
Anyway, now GILD highly tightened to SNP and thus electional uncertainty.
Pharmamar PHMGood morning, today I present the analysis of PHM, a Spanish company pharmamar in the race for the vaccine against Covid19.
It is being a great trading year for this company.
The bullish structure marked by the yellow arrow has been broken, but the new structure, the bearish one, has not yet consolidated.
You have marked supports and resistances to see possible changes in trend ... We mark some of them, the purple and blue arrows.
Sincerely L.E.D Be Safe!!
In Spain on 10/20/2020
NOVN$NOVN RSI way overbought, could reject here retest .36c B4 breaking up or could just power through straight to .80c So I am holding & watching
LXXGF LEXAGENE ON A SHORT TERM DOWNTREND TO TEST 53 CENTSLXXGF LEXAGENE holdings is on a short term downtrend to test the SSSA line on its weekly charts.
Short term target is $0.53. A break of $0.53 below will test $0.30 (All time Lows)
A break above $0.67 will resume its uptrend to test $0.80.
Pivot to the upside is at $0.80 cents for any upside breakout to the highs.