The TradingView Digest - April 8thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top ideas from our community, which includes a write-up on Tesla, an informative post about Keltner channels and Bollinger bands, a hot script on trailing stop management, and all the latest headlines, earnings, and economic events.
We hope you find this week's edition exciting and engaging. Let's dive in! 😀
💡 Tesla Stock Down 30% This Year. What Happened to the EV King? - by TradingView
The electric-car maker is in dire need of charging after losing more than $260 billion this year and turning Elon Musk into the biggest loser among the world’s wealthiest. Tesla stepped into 2024 as the world’s largest EV seller with a valuation of more than $780 billion. None of that is true today.
💡 Keltner Channels vs Bollinger Bands - by FXOpen
If you're a trader, you likely know that indicators are valuable tools for identifying trends and determining entry and exit points. Two popular indicators are Keltner Channels and Bollinger Bands. Both help measure volatility, but which one is better? In this article, we'll delve into the differences between the two, explain their components, and discuss which one is best.
🔝 Top Stories
📰 U.S. March Nonfarm Payrolls +303K; Unemployment Rate 3.8%
📰 Johnson & Johnson to Buy Shockwave Medical in $13.1 Billion Deal
📰 Gold Shines Above $2,300, Ends Another Week At Record High
📰 Solar Eclipse On April 8 Could Give Whopping $1.5 Billion Boost To Businesses
📰 New users flock to Ethereum while long-term holders are less active than ever
💵 Earnings highlights from the previous week:
💲 Levi Strauss (LEVI) Q1 Earnings and Revenues Surpass Estimates
💲 BlackBerry reports surprise profit on demand for cybersecurity services
💲 Conagra (CAG) Q3 Earnings Beat, Organic Sales Decline Y/Y
💲 Lamb Weston (LW) Q3 Earnings Lag Estimates, Guidance Lowered
💲 Greenbrier 2Q Revenue Declines But Beats Wall Street's Forecast
💡 Nvidia - Entering a Bear Phase! - by basictradingtv
For more than 6 years, Nvidia stock has been trading in a long-term rising channel formation. The last retest of support occurred in 2021, followed by a +650% rally to the upside. As of now, Nvidia stock is retesting the upper resistance of the channel, and we might see a short-term correction towards the downside to retest the previous all-time high.
💡 Don't Get Duped by the RSI - by ParabolicP
The Relative Strength Index (RSI) is a common technical analysis tool used by traders to gauge whether an asset is overbought (priced too high) or oversold (priced too low). It analyzes price movements over a specific period (often 14 days) and displays a score between 0 and 100. Generally, an RSI above 70 suggests an overbought condition, while an RSI below 30 suggests an oversold condition.
📆 Economic Calendar
⚡️ April 10th (United States) — Core Inflation Rate YoY
⚡️ April 10th (United States) — Inflation Rate YoY
⚡️ April 10th (United States) — FOMC Minutes
⚡️ April 12th (United States) — Michigan Consumer Sentiment Prel
⚡️ April 16th (China) — GDP Growth Rate YoY
🔥 What's New?
✅ New chart type — Volume candles
🌟 Script of the Week
📜 Trailing Management - by Zeiierman
This tool provides an automated and visual approach to trailing stop management, aiding in systematic decision-making for trade entries and exits based on risk-reward metrics.
💭 Our Weekly Thought:
“The trend is your friend.”
We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below.
💖 TradingView Team
📣 Want to be among the first to know all the news? Give us a follow !
Highlights
The TradingView Digest - April 3rdHey there! Welcome back to the TradingView Weekly Digest. We are thrilled to announce the successful conclusion of our first-ever paper trading competition - The Leap ! With immense joy, we share that over 90,000 traders enthusiastically participated, executing a staggering 2,700,000 trades and securing an impressive $119 million in profits. Heartiest congratulations to all the winners, and our sincere gratitude to every participant for their overwhelming love and support.
In this edition, we’re excited to spotlight the top posts and ideas from our community. This includes an informative post on using stop-loss orders , a write-up on trading symmetrical triangle patterns , a hot script on volumes , and all the latest headlines , earnings , and economic events .
We hope you find this week's edition exciting and engaging. And don't forget to participate in our Bitcoin halving contest for a chance to win our exclusive T-shirt. Without further ado, let's dive right in! 😀
💡 How to Use Stop Loss Orders in Trading? - by TradingView
In trading, reducing risks is oftentimes all that matters to achieving success. One of the essential tools to protect your investments from steep or unexpected losses is the stop loss order. Understanding how to use stop loss orders can unlock your path to profitability by allowing you to balance your risk and reward ratio.
💡 A Comprehensive Guide to Fibonacci Retracements - by XForceGlobal
Fibonacci Retracements are a set of ratios defined by the mathematically important Fibonacci sequence. This allows traders to identify key levels of support and resistance for price action. The Fibonacci retracement tool, although widely used by many traders, is almost always not correctly used by new traders.
💡 Bitcoin Halving Contest: Time’s Ticking, But When’s It Kicking? - by TradingView
Buckle up, crypto enthusiasts! The Bitcoin Halving is on the horizon, and the countdown has begun. But here’s the twist - every Bitcoin clock out there is telling a different time for when block 840,000 will hit the scene. It’s like they’re all watching different episodes of the same thrilling show. 🍿
🔝 Top Stories
📰 Japan Manufacturers Sentiment Deteriorated for First Time in Four Quarters
📰 AMC Shares Drop 14% to Hover Near Record Lows After Filing to Sell $250M of Stock
📰 Reddit Stock Can’t Get Off the Volatility Train After Another Double-Digit Drop
📰 Bitcoin Halving Countdown: BTC Skyrockets to $71,000 Amidst Market Anticipation
📰 SEC May Delay Ethereum ETF Until December: Bitwise
💵 Earnings highlights from the previous week:
💲 McCormick (MKC) Q1 Earnings & Sales Top Estimates, Grow Y/Y
💲 GameStop Q4 Earnings Highlights: Retail Favorite Stock Plunges After Revenue, EPS Miss
💲 Compared to Estimates, Carnival (CCL) Q1 Earnings: A Look at Key Metrics
💲 Jefferies Financial Group Fiscal Q1 Earnings, Revenue Rise; Dividend Maintained
💲 Walgreens Sees Steep Loss After Major Write-Down of Clinic Operator VillageMD
💡 How To Trade A Symmetrical Triangle Break-Out - by TVM_MENA
A symmetrical triangle is a geometric formation found in technical analysis, often appearing during periods of market consolidation. It's characterized by converging trendlines, typically drawn by connecting a series of lower highs and higher lows. This pattern reflects a balance between buyers and sellers, signaling indecision in the market regarding the future price direction.
💡 Bitcoin Heading Below 20K is A Good Thing! - by WicktatorFX/
This one is a bit of a hack but follows on from my video on how to set 'Stop Losses' on TradingView for Connected Brokers. To set a trailing stop loss, you need to open your broker account, place the trade there, and it will then be reflected on the TradingView interface.
📆 Economic Calendar
⚡️ April 3rd (United States) — Fed Chair Powell Speech
⚡️ April 5th (Canada) — Unemployment Rate
⚡️ April 5th (United States) — Non Farm Payrolls
⚡️ April 5th (United States) — Unemployment Rate
🔥 What's New
✅ New launch: predict market activity with unerring accuracy
✅ Scan your watchlists in Stock, ETF, and Crypto Coins screeners
🌟 Script of the Week
📜 Periodic Activity Tracker - by LuxAlgo
This tool visualizes cumulative buy and sell volume for user-defined periods, offering insights into volume dynamics with customizable options.
💭 Our Weekly Thought:
“ Weak traders focus on results - Strong traders focus on process. ”
We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below.
💖 TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
HOW-TO: Trade-o-Scope Highlight IntervalsThis is a short HOW-TO on using the Trade-o-Scope "Highlight Intervals" indicator
The TradingView Digest - March 25thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top ideas from our community, which includes a video tutorial on customizing TradingView charts, an informative post about Reddit, a hot script on price gaps, and all the latest headlines, earnings, and economic events.
We hope you find this week's edition exciting and engaging. Let's dive in! 😀
💡🎥 TradingView Masterclass: Create your perfect chart - by TradingView
Dive into this video for a hands-on masterclass on TradingView's chart settings, created just for you! From the general themes to the smallest details, you'll learn how to fully customize your charts to match your unique trading style and preferences. Discover how to access and adjust every aspect of your charts, making sure they look, present data, and integrate trading features exactly how you want.
💡 Reddit Braves Wall Street with 48% Pop in Debut. When Growth? - by TradingView
Reddit stepped into the public-market space this week with a flashy and splashy IPO in New York that chalked up a 48% gain on its debut day. The listing was met with lots of cheer from Wall Street as it was the biggest one for a social media company since Pinterest hit exchanges in 2019.
🔝 Top Stories
📰 Federal Reserve Holds Interest Rates Steady but Projects Three Cuts This Year
📰 Sterling Tumbles 2% to $1.2580 After Bank of England Keeps Rates Steady
📰 Apple Stock Wipes Out Over $100 Billion in Value After US Files iPhone Monopoly Lawsuit
📰 Reddit Stock Pops 38% Out of the Gate to Trade at $47 a Share at $9 Billion Valuation
📰 Bitcoin Powers Up by 12% to $68K After Jay Powell Upholds Rate-Cut Timeline
💵 Earnings highlights from the previous week:
💲 PDD Holdings soars on Q4 results beat
💲 Micron Posts Surprise 2Q Profit as Recovery Continues
💲 Accenture Q2 Earnings Surpass Estimates, Revenues Miss
💲 NIKE Q3 Earnings Surpass Estimates, Revenues Up Y/Y
💲 FedEx Posts Strong Quarterly Results
💡 Options Blueprint Series: Strangles vs. Straddles - by traddictiv
Among the plethora of strategies, the Strangle holds a unique position, offering flexibility in unclear market conditions without the upfront costs associated with more conventional approaches like the Straddle. This article delves into the intricacies of the Strangle strategy, emphasizing its application in trading Gold Futures.
💡🎥 How to Set a Trailing Stop Loss on TradingView - by zAngus
This one is a bit of a hack but follows on from my video on how to set 'Stop Losses' on TradingView for Connected Brokers. To set a trailing stop loss, you need to open your broker account, place the trade there, and it will then be reflected on the TradingView interface.
📆 Economic Calendar
⚡️ March 26th (United States) — Durable Goods Orders MoM
⚡️ March 28th (United Kingdom) — GDP Growth Rate YoY Final (Q4)
⚡️ March 28th (United States) — GDP Growth Rate QoQ Final (Q4)
⚡️ March 29th (United States) — Core PCE Price Index YoY
⚡️ March 29th (United States) — Fed Chair Powell Speech
⚡️ March 31st (China) — NBS Manufacturing PMI
🔥 What's New
Just a few minor tweaks last week, but fear not ... We continue working hard 👷🏽 to make the platform even better.
🌟 Script of the Week
📜 Gaps Profile - by vnhilton
The script displays remaining unclosed gaps on the chart, helping you recognize shifts in market sentiment and pinpoint potential supply/demand zones.
💭 Our Weekly Thought:
“ Sometimes the best trades are the ones you did not take. ”
We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below.
💖, TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
The TradingView Digest - March 19thHello everyone! Welcome back to the TradingView Weekly Digest. We’re thrilled to bring you even more reasons to stay connected with the TradingView account. As part of our commitment to constantly evolve and improve our offerings for you, our dedicated users, this edition includes a special “What’s New “ section. In it, we explore the latest enhancements and additions to our platform, ensuring you're always up-to-date with our most recent advancements.
In today’s roundup, we’re excited to showcase the top posts from our vibrant community. Highlights include an insightful article on the history of Bitcoin, a trading strategy based on the Fibonacci tool, a new script for visualizing your equity curve, along with all the latest headlines, earnings reports, and economic events.
We hope you find this week's edition informative and engaging. Let's dive in! 😀
💡 History of Bitcoin: The Underdog That Rewired Finance - by TradingView
Bitcoin, a phenomenon that emerged at the onset of the 2008 financial crisis, has changed the way we think about money. To celebrate the token’s $73,000 milestone, we trace its origin story and look ahead into the future. To infinity… and beyond?
💡 Fibonacci Trading Strategy For Beginners - by VasilyTrader
I am excited to reveal a powerful Fibonacci trading strategy that I learned many years ago. It integrates structural analysis, Fibonacci retracement and extension levels, and candlestick analysis. When applied correctly, this strategy has the potential to yield a winning rate of over 60%.
📰 Top Stories
Adobe Stock Crashes 12% on Weak Guidance, Net Income Slashed in Half to $620M
China's Central Bank Keeps Key Policy Rates Steady
SOL, BOME Trend on Social Media as Ether, Bitcoin Lag
Nissan, Honda Shares Rise Sharply After EV Tie-Up Plan
Apple in talks to let Google's Gemini power iPhone AI features, Bloomberg News says
💵 Earnings highlights from the previous week:
Dollar Tree's Fiscal Q4 Adjusted Earnings, Revenue Rise
Williams-Sonoma's (WSM) Stock Up on Q4 Earnings & Revenue Beat
UiPath (PATH) Q4 Earnings and Revenues Beat Estimates
KT reports record-high earnings in 2023
MorphoSys AG reports results for the quarter ended in December
💡 When will Bitcoin Reach the Cycle Top - by FieryTrading
In this analysis, I am providing an educated estimation for the timeframe within which Bitcoin may reach its peak during this cycle. You can observe Bitcoin's price movements spanning the past 13 years depicted on a 2-week chart. Essentially, it typically takes between 17 to 24 bars (equivalent to 34 to 48 weeks) before Bitcoin reaches its cycle peak, with an average duration of 20 bars.
💡 Help Shape the Future of TradingView Content - by TradingView
Hello, TradingView community! As we continue to grow and evolve, our commitment to providing value to our users remains paramount. At TradingView, we understand that our users are at the heart of everything we do. This is why we constantly strive to offer content that enriches your trading experience, empowers your decisions, and nurtures your growth as a trader.
📆 Economic Calendar
⚡️ 19th March (Japan) — BoJ Interest Rate Decision
⚡️ 19th March (Canada) — Inflation Rate YoY
⚡️ 20th March (United States) — Fed Interest Rate Decision
⚡️ 20th March (United States) — FOMC Economic Projections
⚡️ 21th March (United Kingdom) — BoE Interest Rate Decision
⚡️ 22nd March (Japan) — Inflation Rate YoY
🔥 What's New?
✅ JFX forex data — now accessible on TradingView
✅ Enhancing DeFi trading: TradingView partners with QuickSwap
✅ Improved data of BIST futures: make use of settlement prices, back-adjustment, and Open interest
✅ Chart view in Stock, ETF, and Crypto coins screeners
🌟 Script of the Week
📜 Risk Management Chart - by NoveltyTrade
This script simulates multiple equity curves based on user-defined win-loss and risk-reward parameters, allowing visualization and analysis of risk management strategies.
💭 Our Weekly Thought:
“ Plan the trade, see the trade, feel the trade. ”
We hope you found this helpful. Please share your feedback, thoughts, or suggestions with us in the comments below.
With 💖, TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
The TradingView Digest - March 12thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on our newly revamped screener tool, an informative post about portfolio diversification, a hot script on tick data, and all the latest headlines, earnings, and economic events.
💡 Diversification: What It Is, Why It Matters & How to Do It - by TradingView
Portfolio diversification is the strategy of spreading your money across diverse investments in order to mitigate risk, hedge and balance your exposure in pursuit of uncorrelated returns. While it may sound complex at first, portfolio diversification could be your greatest strength when you set out to trade and invest in the financial markets.
💡🎥 TradingView Screener 2.0 - by zAngus
The TradingView Screener was what initially led me to use TradingView. It allows me to quickly and easily filter thousands of stocks down to just a handful that meet my criteria. No matter your preferred trading style - whether it's based on technicals, fundamentals, indicators, price action, RSI, MACD, volume, etc. - the TradingView Screener can quickly help you narrow down any stocks that meet your criteria.
📰 Top Stories
U.S. Feb Nonfarm Payrolls +275K; Unemployment Rate 3.9%
SMCI: Super Micro Stock Jumps 3% on Upgrade. Here’s Why Shares are Up 10X in One Year.
XAU/USD: Gold Shines Bright to Record High of $2,160 as Central Banks Stack Up
BTC/USD: Bitcoin Cools Off After Knocking Out Fresh All-Time High Above $69,000, Smashing 2021 Record
CPI, Rates and Other Key Things to Watch This Week
💵 Earnings highlights from the previous week:
America's Car-Mart (CRMT) Reports Q3 Loss, Misses Revenue Estimates
Silvercrest Asset Management Group Inc. Reports Q4 and Year-End 2023 Results
Amplify Energy (AMPY) Q4 Earnings and Revenues Surpass Estimates
Algonquin Powers Up In Q4 But Skips Guidance On Uncertainty Over Renewables Sale
Paysafe Shares Slip 14% on Surprise 4Q Loss
💡 A Simplified Model for Bubbles - by holeyprofit
Understanding the phases of a bubble and crash is not as grandiose a claim as it's made out to be. My idea that bubbles and pops can be understood is based on my opinion that various TA methods do a good job of explaining trend development. When major bubbles and pops are viewed in hindsight, they exhibit obvious fingerprints of bull/bear trend development.
💡 Bitcoin is Still Behaving like a Risk Asset - by Tradersweekly
After reaching a new all-time high last week, Bitcoin underwent a mini flash crash, erasing more than 14% within a few hours but soon recovered. The number of Bitcoin addresses with balances exceeding 1,000 BTC slightly increased, while those with balances exceeding 100 BTC dropped slightly.
🌟 Script of the Week
📜 Order Chain - by Kioseff Trading
This indicator utilizes live tick data to visualize volume dynamics in real-time.
💭 Our Weekly Thought:
“ The trend is your friend. ”
We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below.
TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
The TradingView Digest - March 5thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on “The Leap” - our first ever paper trading competition, an informative post about Nvidia’s euphoric rise, and all the latest headlines, earnings, and economic events.
💡🎥 The Leap - Win up to $10,000 - by TradingView/
We’re spinning up the first-of-its-kind trading competition and you’re all welcome to join! Traders, speculators, active investors and even the FX gurus on Instagram and the “live like me” trading influencers — this one’s for you all. Show us what you’re made of in our first-ever paper trading competition, The Leap. The Top 5 get to walk away with real cash. From first to fifth, prizes are as follows: $10,000, $5,000, $3,000, $2,000 and $1,000.
💡🎥 Why Central Banks are Buying Gold - by konhow
While many of us celebrate the stock markets reaching new highs, central banks worldwide are actively purchasing gold and institutions are hedging into treasuries to secure yields. It's important to note that interest rates are determined by central banks, while yields are determined by investors.
📰 Top Stories
Elon Musk vs. Everyone: The New Fight in AI
How the U.S. economy could slide into a Japan-like 'lost decade'
Nvidia Stock Soars on Meta AI Deal
Lockheed Martin Gets $663.1 Million Contract Modification from U.S. Department of Defense
Breaking: BlackRock Bitcoin ETF Overtakes the Largest Silver Trust with MUN:10B AuM
💵 Earnings highlights from the previous week:
Dell Stock Pops 20% on Earnings Beat, Strong Guidance & Hot AI Servers Demand
Tidewater Q4 Earnings, Revenue Rise; Full-Year Revenue Guidance Reiterated
MasTec Q4 Adjusted Earnings Fall, Revenue Rises
Pactiv Evergreen Q4 Adjusted EPS Increases, Revenue Drops
FuboTV Reports Q4 Loss, Tops Revenue Estimates
💡 Nvidia’s Formidable Rise - by TradingView
Intense demand for Nvidia's AI chips increased the company's value to $2 trillion, with half of this growth occurring in less than four months. This demand significantly boosted Nvidia's stock price, making it one of the top three largest companies in America, right behind Apple and Microsoft.
💡 How to Trade Gaps - by ShaneBlankenship
There are several ways to trade gaps, but first, there should be a solid understanding of what gaps are and how they manifest. Markets aren't difficult to read if we have some simple methods to observe them that adhere to the principles of movement. A gap is the sudden supply/demand imbalance that arises from contraction and manifests as expansion.
🌟 Script of the Week
📜 Daily Chess Puzzles - by Lux Algo
This script delivers a new one-move chess puzzle to the chart every day.
💭 Our Weekly Thought:
“Not being stressed from a loss is the real flex.”
We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below.
TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
The TradingView Digest - February 27thThe TradingView Digest - February 27th
Hey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on TradingView’s paper trading feature, an informative post about Bitcoin halving, a post on finding trade setups, and all the latest headlines, earnings, and economic events.
💡🎥 How-To: Use the TradingView Paper Trading feature - by TradingView
TradingView's Paper Trading isn't just for practice; it's a detailed educational platform that closely simulates the real trading environment, all without the risk of losing money. This feature is carefully crafted to mimic actual market scenarios, offering users a realistic preview of how their trading plans might fare.📖🧾
💡🎥 Understanding Momentum to find the Best Setups - by TradeTheStructure
In the video, I discuss how I analyze momentum using MACDs and 5-minute/1-minute charts for day trading. This approach helps me filter out the best setups, positioning myself strategically in the market and within the right trading zones. The key concepts covered in this video include momentum, price action, candle analysis, and multi-timeframe analysis.
📰 Top Stories
Nvidia Market Cap Hits $2 Trillion During Post-Earnings Rally
Google Halts Gemini's Image-Generation Over Bias
Does Bitcoin Halving Still Matter in 2024?
Home Buyers Are Back in the Market. They're Shrugging Off Higher Prices and Mortgage Rates
Riot Platforms boosted BTC output by 19% in 2023, mines 6,626 Bitcoin
💵 Earnings highlights from the previous week:
Warner Bros. Discovery's Q4 Net Loss Narrows, Revenue Declines
Berkshire Hathaway reports record cash as earnings pop in Q4
Block's Q4 Earnings Surge
American Software (AMSWA) Q3 Earnings and Revenues Beat Estimates
Mercedes' (MBGAF) Q4 Results, Buyback & EV Strategy in Focus
💡 What Is Bitcoin Halving? Here's All You Need to Know - by TradingView
Halving, a milestone event in the crypto space, occurs approximately every four years, reducing Bitcoin's mining rewards every 210,000 blocks. Satoshi Nakamoto, the individual or group that created Bitcoin, set a fixed limit of 21 million coins, ensuring that the total amount of Bitcoin can never go above that number.
💡 Bad News for USD Longs? - by FPMarkets
According to the US Dollar Index, dollar longs are under pressure. Despite technically still exhibiting an uptrend, there are signs of emerging technical weakness. Since topping at 104.97 in mid-February, just shy of the resistance at 105.04, price action has tunneled through support at 104.15 (now marked as resistance), in addition to channel support extended from the low of 100.62.
🌟 Script of the Week
📜 Percent Rank Histogram - by VanHe1sing
This script visually displays the percentage of historical data points that are less than or equal to the current value for multiple financial instruments.
💭 Our Weekly Thought:
“Good traders try to avoid losing money. Great traders accept they will lose money.”
We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below.
TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
Ethereum (ETH) falls below the important $2800 support zone – hoAt the start of February, we saw the entire crypto market rebound sharply. Ethereum (ETH) was one of the key performers and at one point, even got closer to $4000. But it has been a sharp fall ever since. More importantly, ETH has fallen below the crucial support zone of $2800. So, how far can bears take this? Here are some highlights:
ETH was trading at $ 2734 at press time, down about 5% in the last 24 hours
ETH has also fallen below the crucial 20-day exponential moving average
It is likely that the coin will fall to its next support of $2400 in the coming days.
$DCTH Mid Term Goals could put this over $1+ In Weeks - Repost -Reposting as it didn't post properly the first time
$DCTH Highlights for the first quarter of 2017 and the recent weeks include:
First quarter 2017 revenue of $0.74 million, an increase of 100% compared with revenue of $0.37 million in prior year quarter.
CHEMOSAT treatment milestone set by SPIRE Southampton Hospital in the U.K. with more than 100 CHEMOSAT treatments performed, including eight treatments on a single patient.
Announced a Special Protocol Assessment (SPA) agreement with the U.S. Food and Drug Administration (FDA) for the design of a pivotal trial of Melphalan/HDS to treat patients with intrahepatic cholangiocarcinoma (ICC).
The American Journal of Clinical Oncology published a single-center retrospective review finding that the Company’s investigational percutaneous hepatic perfusion (PHP) with Melphalan/HDS offered promising results with a doubling of overall survival (OS), significantly longer progression-free survival (PFS) and hepatic progression-free survival (hPFS) compared with other targeted therapies.
Favorable data from two institutions were presented at the Regional Cancer Therapies Symposium and showed strong tumor response and overall survival with the Company’s investigational PHP therapy in patients with ocular melanoma that metastasized to the liver.
“During the first three months of 2017 we continued to advance our clinical development programs in ocular melanoma liver metastases and intrahepatic cholangiocarcinoma, while making steady progress with commercialization of CHEMOSAT in Europe,” said Jennifer K. Simpson, Ph.D., MSN, CRNP President and CEO of Delcath."
“As we announced recently, we have concluded a new SPA agreement with the FDA for the initiation of a pivotal trial for the use of Melphalan/HDS in patients with ICC. This new trial will enroll approximately 295 ICC patients at about 40 clinical sites in the U.S. and Europe, with the primary endpoint of overall survival and with secondary and exploratory endpoints that include safety, progression-free survival, objective response rate and quality-of-life measures. The trial is designed to be cost-effective and conducted in a financially prudent manner, with modest investment in this fiscal year. In conjunction with the FOCUS Trial in ocular melanoma liver metastases, our clinical development programs now include two paths toward potential U.S. market approvals.
“In Europe, we continue to make steady progress with the commercialization of CHEMOSAT. Our first quarter revenue of more than $0.7 million was double the prior year period’s sales, driven primarily by national reimbursement in Germany under the ZE system. With coverage under the ZE system now in place, we expect product sales growth from this market for the remainder of 2017."
"Elsewhere in Europe, we continue to focus on building the clinical and pharmacoeconomic data to support reimbursement applications in other key markets. We expect that positive negotiations for coverage in Germany will support our efforts for payment levels in other markets such as the U.K. and the Netherlands. Securing reimbursement coverage in additional European markets remains critical to future revenue growth for CHEMOSAT,” concluded Dr. Simpson.
As of March 31, 2017, Delcath had cash and cash equivalents of $6.4 million, compared with $4.4 million as of December 31, 2016. During the first quarter of 2017, the Company used $3.8 million of cash to fund operating activities. Delcath believes it has sufficient capital and access to committed capital to fund its operating activities through the end of 2017.
Also check out this article, pretty good read:
insiderfinancial.com
