VRPX trade ideas
VRPX Biotechnology Penny Stock Post EarningsVRPX was on a downtrend from mid-February into a reversal the beginning of May. VRPX
beat earnings up still has no cash flow which is very common in this subsector. VRPX is priced
on the potential of future earnings. The short and long-moving averages ratio shows bullish
momentum also shows strength with an upper Bollinger Band "walk". Price has climbed over
the POC line so it is higher than the mean of the share price traded for the duration of the
volume profile. I see this as a risky long setup expectant of a 40% profit based on the target
of the YTD high in February.
$VRPX COVID antiviral spray...One more COVID idea, could just grab some commons and wait to see if there is any merit to their Antiviral nasal spray. In on some commons at $4.40, will wait a few weeks to see if this catches any strength
Will It VRPX Right By This Resistance Or Fail Again?VRPX is another one of the former penny stock darlings of the year. Big breakout mid August put it on everyone's radars now it's about sustaining this higher price level and subsequent valuation. At today's price of around $20.25, the market cap is 3.5x the size it was just a few weeks ago. Thanks to FDA related headlines, VRPX stock skyrocketed. "The FDA has indicated that Virpax may pursue an NDA drug approval with the Office of Non-Prescription Drugs. The Company has engaged Syneos Health to assist with the optimal clinical trial design based on an efficient timeline."
Now that it seems to have found a home north of $15, levels are coming to light. Right now it looks like the 50 fib line is that pivot. Following the big breakout it was somewhat of a "no man's land support" and now it has acted as resistance, rejecting VRPX each time it's been tested. However, the last few days have seen an uptick in daily volumes so that could be something to keep a closer eye on right now.
"Regarding the latter, VRPX stock is the latest penny stock darling to experience an explosive move. Monday afternoon, shares were trading below $4.50 & as of mid-morning on Tuesday, the former penny stock broke above $10 a share. Now, if you’re wondering what the VRPX stock forecast is moving forward, your guess is as good as mine. In parabolic instances like this, fundamentals can begin playing a role to justify a stock’s price being so highly valued... VPRX isn’t the only trending penny stock today. Retail traders are posting images of Robinhood charts that include other big movers..."
Read More Link: 4 Trending Penny Stocks On Robinhood You Should Watch Right Now
VRPX short on bounce of pre-market highThere was a clear rejection at pre-market high, so the opening range breakout at 9.35 was only good for a 2$ move.
In such case I like to short a stock till prior days closing price.
PFE 50, MRNA 500, VRPX 10$ all charts are similarPharma stocks trade pretty similar, there is a bull run to a certain level then a sharp correction.
Today VRPX was a valid long trade up to the ATH level at 8.50 and then to the 10$ mark.
As usual the pre-market scanner alerted me to go long on a new high of the most bullish stock...
short war with $VRPX love the company let's squeeze em outongoing short/long war I'm personally vested in... booooooy that squeeze could be LOVELY
