ADVM trade ideas
A Short To ConsiderShrinking revenues and increasing costs, YOY: seekingalpha.com
Better products from much larger competitors: seekingalpha.com
EV/EBITDA: -5
EPS: -1
Up 176% for the year
Might be worth targeting a 30% decline in the mid term? Thoughts?
Gartley + Additional data release todayFriday, October 11, 2019
ADVM is a clinical-stage gene therapy company targeting unmet medical needs in ocular and rare diseases,
ADVM is set to present additional clinical data for the first cohort of patients (n=6) in the OPTIC phase 1 clinical trial of ADVM-022, intra-vitreal injection gene therapy in wet age-related macular degeneration (wet AMD) at the Retina Sub-specialty Day Program of the American Academy of Ophthalmology (AAO) 2019 Annual Meeting in San Francisco, CA.
NEXT EARNING: Nov 11, 2019
MARKET CAP: $333.254 Million
Technical Analysis:
-Bullish Gartley pattern
-Fibonacci 876 retracement is an important reversal level in high volatility trades.
-Our MS Signal oscillator indicating RSI moving higher and now being a potential good time to buy for a bounce.
-MS CCI Squeeze also indicating that bulls are re-gaining control (over mid-line suggests potential squeeze incoming)
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Disclosure: I am long ADVM. I may buy or sell within the next 72 hours. This is not a recommendation to buy or sell. Please do your homework before investing.
short ADVM @ 8.70obvious pump and dump , short if your broker lends you the shares, scoop em back up at 7 a share
no fundamentals to drive stock higher till at least june 2019
Big Drop or some what of drop?This will be a good stock to look in the morning at open if you're the type to short stocks.ADVM had some great gains today because they had news released this morning. These penny stocks usually tend to move up for any reason and then drop the next day. On top of that it has also hit some resistance.ADVM will be worth to look at tomorrow morning at open.
Quote: “When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.’” – Marty Schwartz
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ADVMI called this the other day, and wanted to update the chart for my keeping.
As the MACD closes across the red, we start to see a positive trend upward the following days.
ADVM
ADVM30 min chart, possible upward movement this morning as MACD closes in to cross. - Will watch this as market opens.
RSI seems to be perking up and showing signs of upward movement.
Clasical pullbackDescribe the trade. What you see?
It will be a pullback looks like triangel
Write why you want to enter the trade in this point?
Because it is a perfect enter point and is in sink with the market if market in monday will go ahead.
What have I done well for this trade?
Pullback was obvious and looks like a good enter point.
Bull Flag patternLooks like ADVM may go up. It has consolidated back to the 20 day EMA. Look for a break upwards. Target price is $9.
