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Axsmbullish

Axsome Therapeutics - $AXSM - The Long Term PlayAxsome Therapeutics - NASDAQ:AXSM ▫️ Entered a position in Oct 2022 on the bounce off the 200 week SMA (averaging $50.77c per share) ▫️ That position is presently in 73% profit ▫️ I have no intention of selling at present as we have a strong underside support from the 200 week MA, the 200 day MA and high volume trading zone from $70-78. ▫️ This a longer term play however I think an entry from within the above price zone ($70-78) or having a stop placed under it, if you can weather such a decline would be worthy of a long term position. Earnings are on the 20th Feb 2024 👀 however the chart is my lead. I look at earnings for long term DCA opportunities When I initially entered this position I had a 3-4 year time frame in mind. We are 15 months in and sitting pretty at 73% Profit. Patience pays dividends.
NASDAQ:AXSMLong
by PukaCharts
Axsome Therapeutics building momentum Axsome Therapeutics Inc (AXSM) I have been in this spot trade since $50.77. We are now at $72.93. I have much higher targets as you can see from the chart. This is a long term trade looking to hold for 12 – 24 months however feel that something is going to happen within 6 – 12 months based on the chart. - Forming pennant on chart and RSI. Potential for breakout. - Steadily increasing OBV (On Balance Volume) demonstrating continued interested in the trade. - Stochastic Momentum indicator (not included on chart is driving upwards on the weekly). - You can see the orange boxes which act as accumulation zones with double bottoms before the larger move occurs. - We are above the 200 week and using it as support and we are above the 200 day also using it as support so we have limited downside with strong support. This purchase has been helped me recognized that Pharma appear to companies perform much better when the general market is in decline. They appear to be inverse risk on but also make small advances during risk on periods. It’s a market that I am becoming increasingly interested in as a diversifier and value lock. Obviously this is a smaller pharma company with higher risk in the trade, however if I was Regeneron or Johnson and Johnson and I see Axsome’s patents, drug offerings and the general population they are targeting with depression, Alzheimer’s and fibromyalgia, seems like a no brainer to buy them out. Fundamentals: AXSM are a Small Bio-Pharma company with market cap of $3.17 Billon. In August 2022 Auvelity Anti-Depressants was FDA approved & is the only rapid-acting oral medicine for MDD with labelling describing statistically significant antidepressant efficacy by one week. AXSM received Breakthrough Therapy designation from the FDA for an Alzheimer's disease drug development and are at the NDA phase for developing a drug for acute treatment of migraine. AXSM are also developing a treatment for narcolepsy and separately for fibromyalgia. All in, AXSM's offerings are building momentum. They have developed the fastest acting anti-depressant drug and are bringing it to market, and have a four other drugs in development, all of which have a large patient base. The company would be ripe for a buyout.
NASDAQ:AXSMLong
by PukaCharts
AXS/USDT 4HOUR UPDATEWelcome to this quick AXS/USDT analysis. I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- AXS/USDT analysis is triangle ready and retest complate green zone fast by the dip. And AXS/USDT is fundamentals is strong is metaverse ! Entry:- cmp And green zone Traget:- 30% to 45% Stoploss:- $123 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my english it is not my native languages. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
4
AXSM-NICE BULLISH SETUPHello traders, I see a potential short term bullish stock setup. We are in 2 nice bullish flag pattern and testing support area. If we get a nice rejection from 46-47 area and broke the minor bullish flag pattern. It's possible to push upside around 57. Our expectation is %21 return in short time while we risking just %7. Nice risk reward ratio 1-3. Please support this idea with like If you find it useful. The information given is not a financial advice. I'm just sharing my ideas regarding on my experiences and knowledges. Remember this analysis is not %100 accurate. To make decision please follow your own thoughts.
NASDAQ:AXSM
by edkakumru
5