$BBIO * BRIDGEBIO PHARMA TC FIB EWP DAILY TF ANALYSISThe chart is suggesting that NASDAQ:BBIO is in the process of a Wave 4 correction, which should push the price lower in the short term. The correction appears to be reaching support levels near $18 or $17, which could be a good area for a reversal.
If the correction holds these levels, the next move could be a Wave 5 rally, targeting around $61 and above, based on previous wave structures and Fibonacci extensions.
The RSI is not yet in oversold territory, meaning there could still be some downside left in the current corrective wave before a reversal.
The technical analysis indicates a temporary pullback in NASDAQ:BBIO stock, but with strong bullish potential in the medium term, aiming for new highs if the correction finds support around the $17-$18 level. The projected Wave 5 could bring significant upside momentum, potentially reaching up to $73.50
BBIO trade ideas
BBIO – A Promising Stock & Buy OpportunityNASDAQ:BBIO has been performing very well since May of 2022, and has recently been in a downtrend. BBIO lost support at the light blue support line, and more recently had a bullish rebound off the yellow support line. I think BBIO is likely to present more buy opportunities around $27.15, and this is a stock that is worth monitoring for a trade setup.
bbio daily buy/hold setup 200% gains strong chart🔸Hello guys, let's review the daily price chart for BBIO today. Noteworthy compression in
progress, and also a decent sequence of higher lows, therefore expecting more gains in BBIO.
Short-term pullback into May/June, however should find support near 10 usd later. Currently
trading at 15.85 usd. Open liquidity gap near 30 usd will be targeted by the bulls.
🔸BridgeBio Pharma Inc. (BridgeBio) is a commercial-stage biopharmaceutical company
founded to discover, create, test and deliver transformative medicines to treat patients
who suffer from genetic diseases and cancers with clear genetic drivers.
🔸Recommended strategy BBIO bulls: wait until the pullback to print a third higher low near
10 usd and buy/hold. TP1 is 20 USD TP2 final is 30 USD, 200% gains for patient traders.
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BridgeBio Making bridges to bigger broker accounts. BBIO Yes, another pharma stock in the green. Let's go, baby!
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
BBIO trade ideaAscending triangle with resistance at 71.84 blue line and higher lows with red trendline as support.
Target price: $92.51
Trade idea
3 buying opportunity
1. buy when price bounce at red line showing support, and stop loss below red line at $57.84
2. buy when price cross blue line at $71.84, and stop loss below blue line at around $67 or below red line
3. buy when price retest $71.84 (blue line) and show support after breaking out of resistance
First time sharing trading idea! Thanks for reading it!
BBIO: 2nd Phase BreakoutOriginal run up was described here on my page early in my post history and here we are again. Beautiful inverse head and shoulders with a large green candle on the breakout. Willing to hold steady here and see if this one can break out. Target and stops presented on chart. Held up extremely well compared to broader biotech space (IBB, XBI). Not much more technical analysis is needed here, pure trend followthrough.
BRIDGEBIO PHARMA Analysis DailyHey traders, BRIDGEBIO PHARMA is in a fake bearish configuration with a fake return of executed sell volume and a sort of upside down hammer candle. By zooming in on the TIMEFRAME M1 we see a marubozu with a weak explosion on the past purchase volume, it goes to the highest of the bollinger. To check it then go to the top of the range and test it before the VWAP is going to be broken forcibly.
It is very plausible to breakout the price with the return of momentum from investors at the same time ranges it to access a next and issue on the high after. Then a higher will be given before breaking a range but little luck for the moment on this scenario. With excess (on TIMEFRAME H4) then (TIMEFRAME H1), no buying force to test the intermediate median of ANDREWS PITCHFORK.
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Cross over resistance or bounce back? Depends on MACDWill the bulls continue pushing the price of Bridgebio Pharma through the resistance? RSI 14 shows no indication of their stocks being overbought and the pharma industry is doing well, so I think yes. But let´s wait for the next high of the MACD to see whether it converges or diverges with the price. In the case of a conversion, I call a breakthrough and long position!
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