OMER trade ideas
Probable OMER breakout, entry point for a long term positionWith an approved product (Omidria) seeing consistent growth and with shares at bargain prices OMER is a high risk high reward biotech opportunity. The pipeline is deep but catalysts will not be seen in the short term. This is a good entry point for a long term position.
OMER - Potential Flag formation Long from $22.24 to $24.83OMER was a beautiful flag pattern & we had a wonderful run with it from $20 to $27. It seems forming a flag pattern again. We think it has good upside potential if it can break out $22.23 area.
* Trade Criteria *
Date First Found- July 20, 2017
Pattern/Why- Potential Flag formation
Entry Target Criteria- Break of $22.23
Exit Target Criteria- $24.83
Stop Loss Criteria- $20.67
Please check back for Trade updates. (Note: Trade update is little delayed here.)
OMER flag breakout & 52 week high breakoutOMER has been testing the resistance area overhead, it's also starting to consolidate around the 52 week high. If this gets some legs tomorrow I'm going to be watching for a breakout through the 16.50's area for a run
LongLong
Run after ER always has been too good and we are very close to ER.
If it break the middle trend line the next stop can be @ 14
Note the Golden cross today...
BullishHave to keep above 9.50 and virtually no stop after 11.30
bullish signs: breaking bearish trendline, small cup and handle formation. Look at the price of historically before and after ER.
bearish signs: lower volumes, dipping 50 ma below 100 ma
OMER long PatternOMER long
Rounding bottom
MACD showing buy signal
RSI trend break
Great risk-reward ratio
Wait for a confirmation candle before entering the trade
cup and handle bullish
Short term PT--> 11 Long term-->30
R1. 9
R2 9.52
R3 10
R4 10.40
R5. 10.52
S1 8
S2 7.60
S3 7.20
S4 6.93
OMER REACHED A BOUNCING LEVEL AND DRIVEN BY GOOD NEWS?OMER has completed an AB=CD pattern with the last drop. Now it has a good news that could drive this stock to the upside. First potential target 9,08 second target on chart.
OMER Ready for a 25% BounceOn the weekly you can see we closed as a bullish engulfing. On the daily we are diverging, held the major level of $19, bounced of the 200 ema, which has been holding as support and finally we formed and broken a bullish wedge. Target 1 is $27.
Omeros consolidates at strong resistanceWhile trading within a well defined trend, touching the resistance of the trend the stock rushed down and currently consolidates with a low change (compared to the previous 2 day selloff) at a strong resistance point. Should resistance hold, it is possible to break up to 19. As Vince noted, once it broke off the 14 range, it went straight up to 18. Yet still, the price may go lower to the trend support at around 11.
OMER low price potential technical tradeif holds this support and has bounce good buy with stop below breakout 1-2 lower. Check fundamentals as this stock is only a technical look
