#KALV to 20I see a nice potential here.
The market is rebounding from the lower edge of the channel at the .618 fib level.
PT 20 and SL 10
KALV trade ideas
Next resistance 35% upPrice has been consolidation for some time, hard to say exactly since when but for more than a year. This stock is very explosive it can jump 35% in one week. The 11 resistance is the key, if it breaks out the next immediate resistance is at 14.6. Worth the shot.
KALV Stock -12/9/2022-• Trend is technically bullish, prices contained in an ascending channel
• Bulls need to clear first resistance at 17 before prices can resume the rally
• Second stiff resistance is at 20
• As highlighted on the chart, 20 level was acting as a resistance in late 2020 and turned into support in 2021 after being breached
• 20 figure needs to be cleared successfully before we can see significant rally
$KALV Reports Positive Results for KVD900 Phase 2$KALV KalVista Pharmaceuticals Reports Positive Results for KVD900 Phase 2 Demonstrating Statistically and Clinically Significant Responses Across All Endpoints as an Oral On-Demand Treatment for HAE Attacks
– Oral KVD900 Primary Endpoint Shows Only 15% Use of Rescue Medication in Patients with Hereditary Angioedema (HAE) –
– KVD900 Generally Safe and Well-Tolerated –
There were no serious adverse events reported in the trial and no patients withdrew due to adverse events.
finance.yahoo.com
$KALV Kalvista Pharma Trend Break
Major Downtrend broken
Broken above 200ma
Volume increased
MACD reversed
RSi in bullish uptrend
This likely has further to dropWill be watching to see where this one goes. I like that long term uptrend. If it gets near 19 - 18.90 could be a low risk swing trade.
KALV - Upward momentum long KALV looking very strong, its on a tear at the moment. It has big insider buying and strong twiggs money flow index. We think it will continue upward.
For ideal entry we would look for a upward break or pull back to 11 support area.
First short ever but I think I can Jeramy says imcanReally no option or shorts until today, didn’t, make the trade. Have to put myself out there to learn,earn or burn. I sure someone will school me . Don’t b shy. I look at all the dust on shares then see this price jump to sell. Refill the gap?
Potential Bearish Butterfly setting up in Kalvista$Kalv setting up for a potential Bearish Butterfly
But it's still early to say for sure !!!
PRZ will be 9.33
I expect only to see T1 (8.28) happening due to - a completion of the pattern will break an important resistance line going way back. That could send the price of this stock very high. (Gaps to be closed).
T2 come in at 7.61
Time will show!
Best to your trading!
WallStScalper.com
P.S Prior of posting this pattern I made a chart with a pattern showing a truncated B to C-leg - in what I called a potential Bearish Cypher. In lack of a name of this pattern which I often see in all trading categories - I called it a Bearish Cypher pattern. See chart below
The truncation of the B to C-leg makes it perhaps more suitable calling it a double bottom B to C-leg. It has the characteristics of always surpass the recent low (X to A leg) a little further than the X to A leg due to the natures of the B to C-leg taking stops out that have been place right under the X to A leg endpoint.
Perhaps it's better calling it a Bearish truncated Cypher Pattern. Anyway for your future trading - be aware of this truncation in the pattern that will give you an edge in trading harmonic patterns.
Lastly: There is nothing to prevent a full pattern happening either.
Showed visuel.:
A potential bearish shark is moving in on $Kalv istaPRZ at 9.76
Target 1: 8.40ish
Target 2: 7.59ish
Have to take out the 8.50 handle for this pattern to play out.
We'll trade this pattern long to the PRZ zone being montering it and then trade it down for the target mentioned above.
$KALV is about to get in geometry balance This biotech company shows all indications on going higher. Just got above EMA100 on daily. Fighting at a 78.6 fib line right now and should get convinced in going higher. Building support level here at the 8+ handle. Daily indicators fighting to get "locked in" to overbought condition.
Stay Sharp on charts!
WALLSTScalper.com
