OMER - High risk play. Short squeeze opportunityOpportunity for a massive short squeeze. Need volume to confirm a short squeeze is taking place. Stop below today's low.
Short float >20%.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
OMER
OMER at 2013 level. Time to buy? In 2021 Omeros Corporation (OMER) delivered great results, net income was $194.2 million or $3.12 per share VS a net loss of $138.1 million or $2.41 net loss per share in 2020.
On 1/18/2022 Cantor Fitzgerald Lower Price Target for OMER from $34.00 to $20.00.
I think a reversal to the $8.50 resistance is possible.
Looking forward to read your opinion about it.
$OMER - Renko - Bullish trend reversal$OMER - Renko (90 ATR, 90 min)
we use stoch/mfi/rsi together with default settings.
this is a very choppy chart to analyze if you chart it normally.
renko allows us to filter that choppiness.
Stoch oversold, MFI on trigger zone, RSI moving to oversold zone.
we must wait for the price to reverse to neckline before we make entry ( > $12.50 )
also this may be a good time to buy call options.
OMER - Potential Flag formation Long from $22.24 to $24.83OMER was a beautiful flag pattern & we had a wonderful run with it from $20 to $27. It seems forming a flag pattern again. We think it has good upside potential if it can break out $22.23 area.
* Trade Criteria *
Date First Found- July 20, 2017
Pattern/Why- Potential Flag formation
Entry Target Criteria- Break of $22.23
Exit Target Criteria- $24.83
Stop Loss Criteria- $20.67
Please check back for Trade updates. (Note: Trade update is little delayed here.)