ORMP Possible SupportHere is the monthly chart of ORMP. They came out with bad news on their leading drug today. Looking at the chart the area that price stopped has been support historically. I bought in at 2.53 and will hold for a while. Exit around 4 seems to be a good trade based on previous data.
Not financial advise.
ORMP trade ideas
Preparing to conduct clinical trials for an ORAL Covid vaccineThis could be interesting. I am sure there are numerous companies racing to see if they can get an oral version of a Covid vaccine out into the market and especially booster tablets.
Oramed focuses on making oral delivery solutions for drugs typically delivered via injection. Its current focuses are an oral insulin capsule to be used for the treatment of individuals with diabetes, and the development of an oral COVID-19 vaccine for use both as a standalone vaccine and as a booster for people who have been previously vaccinated for COVID-19
The stock has run hard, up over 60% for this period. It had a deep 40% pull back and seems to be recovering nicely.
One to watch.
ORMP (ORAMED PHARMACEUTICALS Inc.) - False BreakMarket structure: Uptrend, price might retest previous resistance turn support
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing
To look for trading opportunities when price retest previous resistance turn support at around 14.40 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Swing High around 23.00 area
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
ORMP by request KeyCode 2 Possible PathsI made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.08.2021
ORMP High Tight FlagHigh tight flag chart pattern forms when a stock rises over 90% (preferably 100%) or more in two months, then consolidates sideways for 15-25 days with a decline of no more than 25%. When there's a breakout of the sideways 'flag' on high volume , the powerful uptrend often resumes.
The entry point is either as the stock breaks the high of the flag or breaks a downtrend line - but only ever on higher than average volume.
Looking for an entry if it breaks back above the moving average lines on higher than average volume. ATR and volume declining recently is a good sign.
the world's first Phase 3 oral insulin studyOramed Doses Patients Across Multiple Sites in Phase 3 Oral Insulin Study
Randomization of patients in the world's first Phase 3 oral insulin study conducted under FDA approved protocol
Announced today that randomization of patients in its first Phase 3 study of its oral insulin capsule ORMD-0801 for the treatment of type 2 diabetes (T2D) is under way. The study is being conducted in accordance with U.S. Food and Drug Administration (FDA) approved protocols.
Efficacy data will become available after all patients have completed the first 6-month treatment period.
finance.yahoo.com
ORMP Still not 100% sure with this onei have been watching this one up close and made a small long today, but still confused on the way it will play out, this is just on weekly support, quite bullish for short term but candles and pattern just makes me want a lower low, i guess i will hold until gets to yellow area and re-evaluate from there but if it goes to big support i will buy big time, GL
ORMP- Big BreakoutORMP has been on a crazy bull run. This past month it has run 433%. Since its peak from 2 weaks ago, ORMP has retraced 50% of its' move and is showing promise of going on another run after breaking its' pennant formation. During the pennant formation, volume declined, and then spiked on the brake out. This move is targeting anywhere from $35-45. In two days, January 29, ORMP's CEO is going to announce the results of its' phase 2a testing for their new insulin drug. This could be the catalyst that sends this stock soaring.