BCRX Upside PotentialNASDAQ:BCRX
Expecting a bigger pullback below $6 then more upside towards next resistance zones. However I would wait for 4h HA candle confirmation before entering a position.
BCRX trade ideas
BCRX - Weekly Triangle Breakout Weekly chart for BCRX showing a large symmetrical triangle that price has recently broken out of
Using a bars pattern we can plot potential future price action (in green)
Price will likely stay above the upper part of the triangle, which is shown in the green pattern
FDA Grants Orphan Drug Designation for BioCryst’s ALK2 InhibitorBCRX: BioCryst Pharmaceuticals, Inc.
2022-08-31 07:00:00 FDA Grants Orphan Drug Designation for BioCryst’s ALK-2 Inhibitor, BCX9250, for the Treatment of Fibrodysplasia Ossificans Progressiva
lets see for breakout confirmation past level hereBCRX approaching extreme support on chart and RSI !
below 8.81 i will consider short position, above 12.04 we can look for a long play
BCRX - Different this time? I propose that there will be no further rejection from .382 after the one we have just seen (in green rectangle) which has been used to form a support
This support is something that has been lacking in all the past jumps in price, making me think that this time will be very different
Another idea that supports this is the indecision shown on the Gaussian Channel indicator, price is within a relatively tight range, these ranges which often are made to be broken
BCRX best stock of 2022I talked about this bullflag a while back. Took longer then expected but we finally broke through consildation channel. 30$ stock in a few weeks I’m sure. Blue sky breakout once we break 22.80s . Support 16.80s
Last resiatnce 22.80 before our sky. 1.618 is 35.80
A Great Risk Reward Opportunity!Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working good here
2. Globally and locally uptrend
3. The level confirmed by FB
4. All-time high
5. enough room for 1 to 5.1 r/r
6. The price came from below
7. Report on FEBRUARY 23
8. A near test what is bad for short but it stoped below the level
9. No news for the last 10 days
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If it does make sense to you, press a thumb up! 👍
BioCryst Pharmaceuticals, Inc ($BCRX)This is very important point for $BCRX, I can see this go either way but my guess is by the end of the week we see $BCRX at $16. I am going to do a more in-depth analysis in the next week.m
$BCRX watching for the next move...With the market recovery potentially on tap, this stock was about to make a break before the market got weak. Can it start over with a move to ATH's?
$BCRX retrospective lookRetrospective look at $BCRX:
1. Gap down to lower low aligning with oversold signal on RSI (Blue Circle).
2. Continued downtrend forming Descending Triangle (Pink Dashed) following hypotenuse resistance line and flat support line.
3. Double bottom then forms (Green Box & Dotted Line and Orange Arrow) within the converging trendlines.
4. Simultaneous bullish signal on the RSI indicator (Blue Dotted Line).
5. Breakout over resistance trendline with large volume (Blue Volume Circle)
6. RR 1.2:1 take profit could have captured initial move (Long position).
Easier to spot now it's happened!
Hope this will add to my (and potentially others) knowledge/experience.
Any comments appreciated
*Not financial advice*
BCRX Beautiful bullflag / falling wedge breakout here. I’d be interested in a pull back to high 14s to low 15s here as a backtest of this downward resiatnce. Seems like that would be a great Long postion if that area held up as support. Def keep this on your radar
$BCRX watch our here...Been waiting for this to pop, looks like we are about to start the next run...
$BCRX 2022 Biotech on watch....Been watching this for years, great pipeline, nice set up to start the year. First target is $15's if we break through here, then ATH's and blue skies.
16 things to know about this stock!Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working well.
2. Globally downtrend locally uptrend.
3. The level is confirmed by many false breakouts.
4. Near test, but we see a pin bar on the last day
5. Approached with big bars
6. Approached with no rollbacks
7. There is accumulation in from of the level, but I still see this as a short because of the pin bar
8. there was not a rollback on the way up
9. closed under the level
10. level of a gap
11. there is enough room for a move 1 to 5.1
12. there is a model ascending lows *which is against short idea*
13. no news for the last 10 days
14. the price came from below
15. the stock has a good potential for a big move down
16. no report in the following 2 weeks
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If you find my work valuable, please, press a thumb up! 👍
BCRX Bullish Hammer Candle and MACD + ADX DivergencesMy favorite long term bio setting up for a bullish move.
Price bounced off support with a bullish hammer candle on higher relative volume, with bullish divergences on both the MACD and ADX.
Possible long setup in the short term.
Entry: 11,30 area
Short Term Target: 12,80 area
Stop loss: 10,50 area
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Fundamentally I expect this to go $100+ by 2025.
$BCRX nailed it on the dot...I have followed this stock since it was in the $2's..my wife still have hundreds of shares with a sub $3 average. The technical set up was there, bought $12's at $0.16 yesterday, currently going for over $1...but I close out early this morning with all my other trades and didn't get the run
$BCRX daily look...Updated to show the consolidation happening here, biotech stock that has many pipeline drugs and has potential to make big moves...we'll see how this resolves.
$BCRX random name, like the price level...Looking for a reasonable set up for a call, this on one I like to maybe move back to $14...
BCRX LongDemand zone below support line
11/03 7 AM earning, down to demand
Next better demand zone entry at 11.
Entry 12.2
Stop 11.5
Target 17
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Great Opportunity hereIf you want a biotech to go long this may be a good play at 13 with a solid bounce. Fundamentals pretty solid here as well.
$BCRX Box Setup$BCRX biotech name that had a 90% run up in few weeks now consolidating into a box pattern. Earnings tomorrow before the bell. Should be interesting.
