AUPH - Breakout from a tight trading range pullback
Undervalued stock, Fair value around $30
Good chart pattern, needs follow-through buying
AUPH trade ideas
AUPH Aurinia Pharmaceuticals Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AUPH Aurinia Pharmaceuticals prior to the earnings report this week,
I would consider purchasing the 7usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $1.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AUPH inside days after good run up. $AUPH AUPH inside days after good run up and decent beat. Liquid and increasing institutional interest.
AUPH Inverse H&SPrice has broken out of a down channel
I see this breaking down slightly back into the channel, forming a right shoulder along the yellow horizontal and then continuing to pursue the reversal above the channel
Lets see what happens on this Weekly chart
Bars pattern in green shows my idea
AUPH: Bulls set to take controlAfter a month of sideways chop, perfectly contained by 7.67 & 6.99 (ORANGE), we now have a path towards higher levels at 10.23 (RED dotted line). S/R's.
Reversal off supportMarket trading sideways, strong $10 support level. High volume candle with long lower wick rejecting support. RSI at potential double bottom level. Historic support level, showing high potential for reversal to the bull side.
Head and Shoulders projects $9.5-10.50 consolidation zone
41% retracement from head to neckline, so 41% from neckline puts it at $10.50. There are multiple horizontal support zones, see chart that also correspond to this zone $9.50 - 10.50. Greenleaf (CEO) is a complete clown. Issuing a statement last week that guidance will likely be aggressive then he issued guidance that was approximately 30% below the analysts. He is a drag on this stock however at 1.5B market cap and projected annual sales of approximately 1B, this appears to be a good entry point now or waiting until the 9.50-10.50 zone.
$AUPH 200MA broken, Pivot points used to calculate R:R.Noticed Auph broke the 200ma did some quick analysis which means jack all but if we continue on this upward trend were likely to see a breakout soon. TA is based on pivot points with supports. Box means support confirmed over a few candles, ellipses is looking for past supports. This isn't investment advice this is some bored dude just jotting down risk to reward ratios on a potential long position. Do what you will with this.
Aurinia Announces Positive Topline Results From the AURORA 2 ConAUPH: Aurinia Pharmaceuticals Inc.
2021-12-09 06:15:00
Aurinia Announces Positive Topline Results From the AURORA 2 Continuation Study of LUPKYNIS™ (voclosporin) for the Treatment of Adults With Active Lupus Nephritis (LN)
(8) AUPH 11/7 Bull FlagWatch for continuation of breakout, possible quick retest...
Price Target = $40 range
AUPH: Bullish Pennant (45%)Bullish pennant on this pharma stock.
Continued rise since Juns 2021.
This pennant is not confirmed still. Will prabably be this coming monday.
Price target = 42.77$
Stay Humble, Have fun, make money!
Long | AUPHNASDAQ:AUPH
Possible Scenario: LONG
Evidence: Price Action,
I'm pretty sure about it, this is one of my main positions early morning.
I expect it hit the Fibo level 100% at 25$ this week, most likely tomorrow
Call options, strike 25$, 10/15/2021.
*This is my idea and could be wrong 100%.
AUPH LongWedge breakout, revisit trendline
ABC Patten:
Swing A crossed SMA50 (1st) and SMA200 (2nd), Wave#1
Swing B tested SMA200 as support. Wave#2
Swing C will be not less than A; Wave#3
Entry 16
Stop 14
Target 22
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Buy AUPH 12/10/2021You can buy AUPH target 24 stop loss 17.39
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
MONEY!!Tons of money to played in this, constant up and down trend. Either short when it hits the channel trend line top, or go long at the channel bottom... I would rather be the bull in this situation though... so I would hold out on a entry.
AUPH BREAKOUTBULLISH WEDGE
Been brewing since FDA approval of Voclosporin. Lots of reasons to speculate a buyout or possible merger with recent voluntary delisting from the TSX and remaining on NYSE. Excellent setup to be a cash cow. Target Price of $35 be EOY playing Oct Calls. PFE and MRNA are LOADED with cash and you know they're sniffing out opportunities and would love to hear your thoughts and positions on this!
Covering all the Plays made a month ago to about a week agoThis is a video I made to cover all the plays made about a month ago up until about two weeks ago. I cut off half way through and honestly I thought it didn't record any of it. So I am posting it now. and I will pick up where it left off probably tomorrow.
If these have helped you trade please like and follow.
by iCantw84it
05.26.2021
Long | AUPHNASDAQ:AUPH
Possible Scenario: LONG
Evidence: Price Action
TP1~ 12.5$.
TP2 ~14.25$
Call options, Strike 14$, 07/16/21
Call options, Strike 15$, 07/16/21
* This is my idea and could be wrong 100%
