$DRRX long time corrective wave ended by elliot wave count WXYXZ.
- DRRX COMING UP OFF DEMAND ZONE - BREAKOUT OF CONSOLIDATION AT APEX OF TRIANGLE - TARGET #1 = 100% UP - TARGET #2 = $5.10 (160% GAIN)
After breaking to higher ground a week ago on enormous volume, shares of DURECT CORP - NASDAQ:DRRX finds themselves consolidating the recent thrust in a Flag pattern on lower volume as we can observe from the Daily chart above. In addition, DRRX is now trading above all of its important moving averages 20/50/200 DMA's, which from a technical perspective, is...
DRRX bouncing off its longterm support after a huge decline. Now it seems forming nice fallen angel formation with a higher low double bottom. We think it has good upside potential from here. * Trade Criteria * Date First Found- November 21, 2017 Pattern/Why- Fallen angel, Double bottom Entry Target Criteria- Break of $1.12 Exit Target Criteria- 1st...
DRRX breaking up a symmetrical triangle & same for money-flow. Technically it looks good so we took some speculative Jan2017- 2.5 Option calls. You can check our detailed analysis on _ in the trading room/ Executive summery link here- www.youtube.com Time Span: 6:40” Trade Suggestion Date: 12th Jul Trade Status: Opened (12th Jul) Jan2017- 2.5 call for $0.35