BioLineRx Ltd.Long
BLRX falling wedge: pending breakout
Following my previous idea on BLRX we're now forming a wedge with a local bullish divergence. First target would be range high around $0.19. If we break it and retest that level, we can aim for a (partial) gap fill and a local bullish trend. First we need a break from the wedge.
To be continued, but remain of opinion that this is an area of good value, given its trading well below the latest funding round of $0.20 per share.
BLRX we're now forming a wedge with a local bullish divergence. First target would be range high around $0.19. If we break it and retest that level, we can aim for a (partial) gap fill and a local bullish trend. First we need a break from the wedge. To be continued, but remain of opinion that this is an area of good value, given its trading well below the latest funding round of $0.20 per share.
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Important update on Twitter on 10x Club, a weekly newsletter curated by me containing research & analytics on the crypto market & the amazing opportunities during the bear market - Check my Twitter or website link below:
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.