EBS a biotech company focused on vaccinesEBS is a small biotechnology company whose forte is the clean processing and manufacturing
facility that the FDA requires for certain bioprocessing to be certified for delivery of products
to end-user patients. It is not a research facility like the one in China that accidentally released
COVID and the global impact will be likely felt for another decade. EBS does depend on
federal support and income from contract work from vaccine manufacturers. There is
reasonable expectation or persistent and consistent revenues ongoing without fail unless
the FDA decertified the facilities. On the chart, EBS is in a flat bottom triangle on its base.
It is presently rising out of the triangle and towards the mean anchored VWAP It is just above
The POC line which functions as dynamic support in the demand zone. I see a long trade
with the stop loss below the POC line, the first target the blue line representing one standard
deviation above the mean VWAP at about 9.4 while the second target is the redline two
standard deviations above the mean VWAP at about 10.05 while the final target contemplates
that EBS will challenge the high in May of 10.75.
EBS
EBS - Head and Shoulders Pattern, Weekly1/1 line is a major Trend line
Using the Fib circles the H&S pattern becomes more evident with the LS being rejected at the 1 level
The H being formed at 1.618
and the RS being formed in the aftermath of the H formation
I expect more downsides on this weekly timeframe until the strong support level is reached, which coincides also with the 1/2 Gann level
EBS possible setup with 2 major supports EBS looks like a solid buy, I am investing at current price, if it goes down then I will add around second support.
Reasons to buy:
RSI looks oversold
Stock trading at long term trendline
2021 consensus earning estimate 9.01 which means 7~ PE.
Volume is increasing which shows it is getting attention
Once the FDA will approve its facility, it will fly. Also, even if it breaks current level 2nd huge support level is not that far. So, doesn't have much to loose.
EboostI made this chart cus a friend asked me too. Eboost is bullish on the Ichimoku cloud. Eboost is also bouncing off the 50MA that also alines good with the bearish wedge at support. Yes the vedge is valled a bearish wedge so we need to be aware of short term downbreak. Other then that we can also see that the chart may be forming a cup&handle pattern, where only 3/4 of the cup being made. If this turns out to be true and its starts forming a handle then I am uber bullish. I don't have position in EBS currently but I will keep an eye out.