Rising triangle in anticipation of accelerated approval of FDAPharming has received acceptance from both the EMA and FDA for the accelerated review of leniolisib. The new drug is anticipated to generate significantly more revenue compared to its current profitable drug Ruconest. While the company has been profitable for the past years, it needed to find new sources of income to be able to grow the value of the company. The end of 23Q1 will be crucial for shareholders, who would love to see acceptance from both EMA and FDA. Targets of 3-5 euro per share are not out of the question. A big spike can be expected, as a lot of people are expected to jump on this ship in case of approval.
Based on the rising triangle pattern that has been forming since June 22, the theoretical price target would be 1.90 euro, with a breakout before March 8. For now we would look at reaching prior highs.
Target 1: 1.50 euro
Target 2: 1.635 euro
Target 3: 1.90 euro
PHARM trade ideas
Fading into PHARM negative trend.Pharming Group - 30d expiry- We look to Sell a break of 0.934 (stop at 0.993)
Short term bias has turned negative.
Daily signals are mildly bearish.
A higher correction is expected.
We are trading at overbought extremes.
0.936 has been pivotal.
A break of 0.936 is needed to confirm follow through negative momentum.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 0.794 and 0.754
Resistance: 0.980 / 1.054 / 1.110
Support: 0.936 / 0.900 / 0.860
Disclaimer – Saxo Bank Group.
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PHARMING LONG after touched 200EMAPharming is a company with good fundamentals and now also available on the NASDAQ via a ADR (10 stocks). Take a look to the company.
Technical Analyse:
After it touched the 200 EMA you can see the big push to the North. My expectation is that this stock will go further North up, probably at least to it's last resistance at 1,46€.
I will keep it simple, because this picture on the daily chart is pretty powerfull and if you really want to take a shot with this company, look into the fundamentals also.
Personally i do have stocks of this company for a while now. For me this is a buy and hold stock. No dividends, but lots of potential amd already making profits.
PHARMING LONG termHello all,
Here another TA of me, this time on the stock PHARMING.
Its a very interesting company, i would advice you to dive in the fundamentals for further information. I will just show the possibilities with TA.
Before you choose to buy and hold a stock, always do your homework on the fundamentals. TA can help you by choosing a good moment and price to buy the stock.
PHARMING is fundamental a healthy company and one of a kind. If you are interested in a possible gem, please check out the fundamentals and see it for yourself.
From TA perspective, price is moving into a triangle/flag pattern and 'soon' have to choose direction. Personaly I'm thinking it can go both ways.
But with stocks, and specialy the ones you want to hold for long term, you just have to check out the fundamentals.
I do not recommend this stock for daytrading, although there are possibilities. As you can see the jump earlier after the news of 5 people who have bin treated with their medicine, RUCONEST, pure doing analysis on the chart on this stock is a bit hard and tricky in my opinion. You just never know when there will be published some news what will effect the price big time.
Personally i do think the current price can be a good moment to start buying this stock for the LONG term. Buy and Hold.
This is just my view and opinion and in the end you always decide for yourself .
Don't ever go blind on someone else his vision, create one for your self!
Have fun and good luck trading. :)
Pharming Group possible break of major resistance at 1.61Pharming group holdings has been hold back twice in history at around 1.6, i have been watching the MAC D and Stochastic indicator on the daily, they both show interesting signals such as on the macd: Descending red with ascending green, this would at least tell me a new attempt of breaking 1.61 is within a week.
Stochastic on the daily is getting a positive slope on the daily and as shown i drawed a current support/ resistance line wich it will possibly bounce off of.
Keeping this in mind i think Pharming group seems like a good invest for the coming year, if ofcourse we can get above 1.61
GOODLUCK!
Penny stocks: Pharming (3/5) Education + Spread your investmentsRisk: Low
Please be advised that this is only an idea, so you are responsible for any losses yourself.
Dear followers,
First of all, many thanks for following and liking my ideas. As promised I provide you with some penny stocks today, but for the most part I keep focusing on the crypto analyses.
Education:
Do you know people who had to leave their home because they could no longer pay their mortgage after losing a job? I do. No matter how bad it is for them, these people have made a mistake at an earlier stage. Probably out of ignorance. Did you hear the stories about people who lost their money in the stock market in 2002 and went to drugs? I do. What if the crypto market crashes? Have you lost all your money? Then you have made exactly the same mistake.
The trick is to create multiple cash flows. A job, maybe two or trhee jobs, cryptos, currencies, interest, stocks, dividends, et cetera. When one or two cash flows are lost, you can still continue to live in your house. Otherwise you have still made a mistake by buying an overpriced house that you actually could not afford.
This is why I provide you today with 5 penny stocks that are technically right, about to break out and have a great profit potential for the coming years. Imagine one of these companies is a sleeping giant? Two shares rise a little, one falls and one company goes bankrupt? By spreading your investments you still have the jackpot and you have perhaps made a 1000% return or more!
Stock
The third penny stock is one of my favorites, Pharming Group. I already made a lot of money with this stock, because I'm in since 0.20 and I just increased my position. Pharming Group N.V. is committed to the development of innovative products for the treatment of unmet medical needs. It focusses on the development and production of human therapeutic proteins to provide life-changing solutions to patients.
Pharming is ready to break out. Fundamentally, their turnover increases exponentially! If we close with a candle above the blue trendline a breakout is confirmed. (Click the play button on the chart to look for confirmation) Our first target will be €1,80 but I've this stock in my long-term portfolio. I put the risk on low, because I did a lot of research to this company and I know their products and numbers very well.
Buy: Now or if it breaks out.
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome!