OMER - Waiting for a break- LONG
Watching for a break above $14.75. nice base consolidation here. Former runner. Ascending wedge pattern. 10, 20 and 50 EMA forming a nice floor for a stop loss. See if it holds $14 or not. No position yet.
Risk: biotechs normally I avoid, but this has a nice pattern. Also on guard for any overall market weakness which will probably negate this as a potential trade for the future.
Risk: biotechs normally I avoid, but this has a nice pattern. Also on guard for any overall market weakness which will probably negate this as a potential trade for the future.
Trade active
Entry -$15.46 GTC Stop = $13.31 (more than 10% due to swing low)
small share size
Trade active
Update: Stop to $16.03, trailing with 10 day lowTrade active
If this has another green day, I will add shares, moving averages look good and rising. Wedging right now.Note
Adding more. Looking so good!! Stop will be 10 day low.Trade active
Trailing stop 10 day low, currently $16.88. Beautiful!Trade active
Stop to $17.49Trade active
Trailing stop from here on out (10 day low), position to close itself. thanks.
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