Symmetrical Triangle BreakoutEYPT chart is building up for another run. Potential catalyst before year end with an sNDA for Short Duration Yutiq. accumulation has been slow and steady indicating EYPT oversold conditions.
Technical's:
weekly chart --> Harmonic Gartley (bounced off significant support level) and been in uptrend since.
Symmetrical Triangle/ Breakout setup has been known to act as a pre-courser to huge upside moves (40%+).
Bull flag building in the symmetrical triangle. . . Read the rest then check out the rest of our trade ideas HERE
Disclosure: I am long EYPT. I am not a financial advisor and this is not a buy/ sell recommendation but for education purposes only. Please do your homework before investing.
Biotech
LONG OCXTraded in a 7 month range. Company plans on making 30million for the fiscal year 2021. 100mill marketcap so IT IS considered undervalued. TP at 2.40. TP 2 3.50. SL 1.60.
#VolatilityWatch Solid BioscencesBiotech buyouts have been very strong, especially with Gene therapy stocks as of late.
Bounced off Lower end of channel
Gartley pattern
bounced off 1.618 fib extension along with important reversal leg of Elliott Wave Theory.
if price holds inside the lower end of the channel there is a potential move back up and test the gap.
looking for nice $0.40+ swing from current level.
Disclosure: I am long SLDB. I may buy/ sell within the next 72 hours. I am not a financial adviser. Please do your homework before investing.
XBI could potentially break out hardTicker: $XBI
XBI needs to break 94.95 to break out hard. If we reject and form a 4 hour lower high compared to 94.95, WATCH OUT FOR THE 4H INVERSE HEAD AND SHOULDERS with support for 92.97 and 91.68!!!
Also watch for market correlation. If market is strong and hits ALL TIME HIGH, XBI could be in a great position to go long.
Buy the dip in SAVA based on strong Alzheimer's trial dataCassava Sciences (SAVA) just got some positive clinical trial data on their Alzheimer’s drug. The result caused one analyst firm to upgrade SAVA’s price target from $3.00 per share to $6.00 per share. SAVA’s got a 9.4/10 analyst summary score, with most analysts rating the stock a “buy.” I entered SAVA Friday morning at $2.16 per share. It’s already up almost 100% from its share price last month, but I think it could continue its run next week.
My Top Piece of shitThis is just garbage. Sitting here a bubbly parabolic ATH's. This is the #1 short on the planet right now. Overbought on the fucking weekly now in both RSi and MFI. The top is in.
Targovax $TRVX.OL clinical phase oncolytic virus valued 35 mUSDTargovax OSL:TRVX a clinical phase norwegian Biotech is currently at market cap NOK 327 million / 35 million USD.
Value inflection point very close as the company will need to raise funds in the very near future, which must either come from investors or from a possible partner deal.
PRESENTATION OF ONCOS-102 MELANOMA DATA AT SITC ANNUAL MEETING
www.healthcap.eu
Q3 report:
www.targovax.com
Q3 transcript:
finance.yahoo.com
Did the norwegian Biotech 3 year bear market come to an end?Oslo Stock Exchange info page:
www.oslobors.no
Oslo Cancer Cluster:
oslocancercluster.no
Radforsk:
radforsk.no
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Photocure IR: OSL:PHO
photocure.com
Nordic Nanovector IR: OSL:NANO
www.nordicnanovector.com
PCI Biotech IR: OSL:PCIB
pcibiotech.no
BergenBio IR: OSL:BGBIO
www.bergenbio.com
Ultimovacs IR: OMXSTO:ULTIMOO
ultimovacs.com
Targovax IR: OSL:TRVX
www.targovax.com
Photocure $PHO.OL stock trade above resistance, close at 5yr hghRecent news by OSL:PHO :
Randomized phase 3 study in Denmark demonstrates significant advantage in Bladder Cancer for Hexvix/Cysview blue light cystoscopy over standard white light variant:
photocure.com
At Q3 2019 Photocure reported continued record growth in the US as well as upfront payments from Chinese partner Asieris:
photocure.com
Further improvements for US reimbursements for Cysview from january 2020:
photocure.com
Technical analysis:
Technical indicators sliding into high momentum and near overbought values at this price level, so any entry should be done with clear considerations of short term risks.
Technicals versus PolicitiansWIth Warren and Bernie fading a bit, Bio/health have jumped nicely. Too much too soon IMO, at the minimum a short term pull back is coming. I am hoping we can become more range bound in the technicals and return to cyclical trading between 78 and 87, this type of cycle is great IBB and XBI, however getting caught when it breaks down can hurt! I use XBI has my measure, but trade LABU and LABD.
**Short XBI via LABD
Some upside potential in Athenex after sales beatAnalysts have been lowering their earnings forecasts on Athenex, Inc., causing the stock to crash. However, the company not only met earnings expectations on its report this morning, but also beat sales expectations and raised its full-year revenue guidance from a 32.5% increase to a 37.5% increase year-over-year. That's a pretty big bump, and it could cause analysts to revise their views on the company in the coming weeks. One or two upgrades could send this stock climbing back to the $14-15 range.
A long-term risk is the company's financial health. Athenex operates at a large loss and only has cash to fund operations until late 2020. The company is expected to make some progress toward profitability by then, but it will still be a long way from achieving that goal. So this is not a safe long-term investment; it's just a short-term scalp.
Risk Reward, Plenty of Potential vs ProblemsMYGN has been a player for a while, large company, with actual earnings, however litigation and companies are generally a bad thing. "healthy" enough of a chart for me to participate, but I will not have much patience to the downside, stop in place.
**Long this last collapse, limited in size... confidence is enough to buy, not enough to bet the farm