ANTH - Fallen angel long from $1.87/2.12 to $2.93ANTH seems forming a nice fallen angel formation. It need to break above its resent resistance label of $2.12 to confirm breakout. It has some insider buying. We can consider speculative entry here.
* Trade Criteria *
Date First Found- November 9, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break of $2.12; Aggressive entry at current label ($1.86).
Exit Target Criteria- $2.93
Stop Loss Criteria- $1.47
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ANTH
Anthera Pharma in corrective phase?It looks like Anthera Pharma (ANTH) is in corrective wave C and going to reach about 3.01-3.04 before continuing the downtrend, or possibly reversing. but, if the downtrend does continue, expect it to rise to at least this range before doing so.
Breakout of pennant formation? Low riskBought some stock today at 3.90. Front running breakout above the 2015 March $6.37 high. This pennant should resolve itself Obvious stop with a daily close below 3.80 will get me out. That is 2014 March resistance turned support on Feb '15 breakout. Targets at fib extensions.
