Get started

Outlook

GBPUSD Understanding The StructureThe wedge like structure still in play and if price continues to trade within this structure. Then downside is less likely and eventually after a short correction to the downside we may see the Gbp make a sharp comeback against the Usd making it interesting to see a new top form within the structure. Please understand this is not financial advise/trading signal or even a Trade plan, simply speculation based on Trend lines and anticipation price behavior in a what if the structure remains intact scenario. Should the structure break the outlook can change and right now as it stands. I'm on the sidelines watching this pair.
by Trader_97
Nifty Short, Medium & Long Term : 09-Sep-24 to 13-Sep-24Nifty Short, Medium & Long Term : 09-Sep-24 to 13-Sep-24 Nifty closed at 24855 ( Last week 25235 ) and touched low & high of 24807-25335 ( all time high) Market touched new high last week and went down on last fri, Market broke the Ist Support at 25000 and went down last week and currently it is in rangebound. RSI and stochastics levels moved up last week (52% and 33% respectively). MACD level crossed and went down below signal. Nifty 24855 Short term (Short term neutral, need to cross key resistance 25545) Nifty short term resistance 25545 as shown in chart. Support at 24480 (Fib Support) & 24650 (Trend line support and recent low). Medium Term 25235, next target is 25800 ( Fib Resistance). if it moves above decisively next target is 26250. Medium term Support - 24000 Long Term : Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25540 decisively. Support at 22800 Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till it reaches 5% ( in span of 2-3 years ) in line with US fed rate reduction expected in Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. This is the best period to start SIP MF when the valuation is high. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Nifty bank 50582 (Last week 51117) - Index have target of 54000 in medium term and support at 49900 Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Newly added stocks to buy are CAMS, UTI AMC & HDFC AMC and removed tanla platform from the list as the profit is stagnated, to await till next quarter ( Q2) Results. Based on the Q1 results, following stocks can be added to portfolio: ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 42234 (Last week 42760) indices dipped to 37848 in Jun month, bounced back and all time high last week. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
NSE:NIFTY
by karthikss
BTC Dumps to 56K - Extreme Fear in the Market!GM crypto bro's! This morning, BTC has dumped again to 56K. The Fear and Greed Index is in the extreme fear zone at 22, and it looks like the Stochastic RSI won't be leaving the oversold area anytime soon. That's why I always remind you to stay cautious in this highly volatile crypto market, because anything can happen. Based on the current price action, the probability of dropping below 54K seems low, as mentioned in the market update on 02/09/2024. But remember, this is just my personal analysis and only a probability. As always, maintain your risk management, and that's all for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
INDEX:BTCUSD
by x_Akki
Shot Calling no1I've been away quite some time,. working on strategy and just growing accounts. This is to serve as a trade record for forex. I also trade futures, but that is too fast for here. Current Active Trade: Current setup is I have a short from 1.08023, entered yesterday post NFP. Thinking the extension is a clean breakout from the triangle pattern over the last week to take price long overall, but first we need to retrace. Target: 1.074 for the short and then head for a long entry (Limit Price Set) Looking for price to come back and then react long from 1.074 & continue making upwards pushes. Account size: $1500 (EUR, Reset for the month back to...) Current Entry Sizes 0.07 Lot Risk: Rule of thumb 0.01 per $250, Previous balance before reset was 1848.53/250 = 0.07, keeping size currently in play. Red lines mark sells: The additional red lines above the entry are for protection. There is no stop loss on any position, ever. These are additional sells at the same size as the original entry. Should this entry not work, price will either head up and catch the next level up at 1.086 (Trading view moved my lines back after I already set them, not going to fight it not saving 😤 they're close enough) and add short another 0.07, or it will miss the second entry, come back to target & we just have drawdown, boo hoo. Should it fail completely, the third entry will get taken at 1.0976 for short. How this is "Protection": Math, in simple terms. It's a manipulation of breakeven on position. If the second entry gets triggered, the breakeven point is between the two entries. If the third short is also hit, then the breakeven is where the second entry is placed. These are exit points later should things go wrong. The major breakout and peaks are "insurance" where we will 99% for sure get a reaction to the downside, it's just natural resistance behavior. Same goes for the next trade, same idea with the blue lines already planned, should this succeed we go to no2, fail we make a different no2 idea. Trading at or very near to the yellow lines (clear and obvious levels) & using educated guessing for reasoning (technical analysis or just a simple "seen this before" approach) Keeping it really simple. Method of Madness: Support: buy Resistance: sell Add in if wrong at the next level Hedge: Not forgotten, but avoid use if at all possible (Trap situation that hurts more than helps) Only act on levels, near levels, or extreme event points (breakouts/peak points)
Short
by ForexStoryteller
5
USDCHF: Multiple Rejections, Strong Bullish Leg ExpectedPrice has recently rejected support on multiple occasions, and a double bottom pattern appears to be emerging on the daily (D) timeframe. Additionally, multiple rejections on the 4-hour (4H) timeframe further strengthen our bullish bias. I expect the price to continue in a strong upward trajectory. **Rationale:** ~ Breakout of Descending Channel (D) ~ Retest of Support (D) ~ Break of Uptrend line (D) ~ Double Bottom Pattern (D) ~ Retest of Support (4H) ~ Rejection Candlesticks (4H) **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Long
by Forexity
1
USDCHF: Key Level Rejection, Retracement ExpectedPrice recently broke out of the daily (D) descending channel. It then pushed up to meet the daily (D) 50% Fibonacci retracement level, converging with resistance. Price then rejected this level and pushed down to retest support before breaking out of the four-hour (4H) downtrend line. Price then pushed up and reached the daily (D) key level and converged with yet another 50% Fibonacci level. Price seems to be rejecting this level, highlighting temporary reversal and suggesting a possible retracement. I expect price to temporarily retrace to around the 38.2% level before continuing to the upside. **Rationale:** ~ Breakout of Channel (D) ~ Retest of Support (D) ~ Break of Trendline ~ Retest of Support ~ Rejection Candlesticks ~ Break of Nested Trendline ~ 38.2% Fibonacci Retracement **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
Huge waterfall coming this week for Gold be ready !!GOLD may retest 2318 area and complete an inverted head and shoulders, and then head up to resistance level which lines up perfectly on trendline resistance AND lines up perfectly at the 61.8% Fibonacci level, this is a very interesting level for these 3 lining up this trendline has been valid for months and very strong trendline resistance that has been tested multiple times. I suspect GOLD will plummet down to 2300-2280 by the end of this week, probably during London session as from my personal experience I have seen this happen multiple times and have taken this opportunity to profit off this pattern moreover the DXY has been making impulses to the upside and healthy retracements to continue with another impulse this week if the trend continues, keeping on eye on news to support this bias and watching these levels on particular the 2340-2350 area
OANDA:XAUUSDShort
by halabirobin
1
USDCHF: Key Level Rejection, Fibonacci Retracement ExpectedPrice recently broke out of the daily (D) descending channel. It then pushed up to meet the daily (D) 50% Fibonacci retracement level, converging with resistance. Price then rejected this level and pushed down to retest support before breaking out of the four-hour (4H) downtrend line, suggesting strong bullish momentum. Price then pushed up and reached the daily (D) key level and converged with yet another 50% Fibonacci level. Price has proceeded to reject this level, highlighting temporary reversal and suggesting a possible retracement. I expect price to temporarily retrace to around the 38.2% level before continuing to the upside. **Rationale:** **Rationale:** ~ (L1): Breakout of channel (D) ~ (L2): Retest of support (D) ~ (L3): Break of trendline (4H) ~ (L4): Retest of support ~ (L5): Fib retracement convergence + Rejection ~ (F1): 38.3% Fib retracement **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
USDCAD: Multiple rejections, temporary bullish biasPrice has recently rejected the daily (D) ascending channel support level. Price then pushed up and broke out of the one-hour (1H) descending channel to form a higher high. Price then pulled back to retest support, forming a higher low. I expect price to continue to the upside. **Rationale:** - Ascending Channel Support (D) - Multiple Rejections - Elliott Wave Completion - Descending Channel Breakout (1H) - Higher High - Retest of Support - Higher Low **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Long
by Forexity
1
NZDUSD Possible retest and continuation to the downsideThe price recently broke out of the ascending channel (4H) and went on to retest the recent swing high, creating an Equal High (EQH). It then rejected the wedge (W) and downtrend line (M) resistance convergence and continued to push downward. Currently, the price is converging with resistance and the 38.2% Fibonacci retracement level. We anticipate that the price may continue to reject this resistance area and push further to the downside. **Rationale:** ~ Wedge (W) and downtrend line (M) resistance convergence ~ Multiple rejections of resistance ~ Shallow pullback (Fib 38.2%) resistance convergence ~ Possible retest ~ Possible lower low formation **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
AUDUSD: Multiple Rejections, Potential ReversalPrice has recently rejected this level multiple times. As-well-as multiple rejections and long-wick candlesticks, we have a rounding top chart pattern. I anticipate price will continue to reject this level and eventually breakout of the uptrend line, suggesting a bearish bias. **Rationale:** ~ Area of resistance ~ Multiple rejections ~ Long-wick candlesticks ~ Rounding top ~ Break of trendline --- **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday #daytrading
Short
by Forexity
Market outlook☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
PEPPERSTONE:GER40
by Yelli_trades
1
Nifty Short, Medium & Long Term View- 13-May-24 to 17-May-24Nifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 Nifty closed at 22055(22440) and touched low & high of 21935 & 22585 Nifty was up from the support level and was trading inside the range (22000-22800) provided last month. However broke the support and touched down 21935. RSI and stochastics levels was up from last week(41.45 % & 13% Respectively). Both are near to oversold zone. All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 47421(48896) - Nifty bank was up marginally inline with nifty last week. Many bank & Finance stocks are buyable zone. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Apart from that Motilal Fin, Chola Finance, ICICI Securities, Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Nifty 224055- Short & medium term (Neutral) Nifty have resistance at 22350 ( MA 50). As mentioned in the past month, nifty almost reached the near term target 22819 two weeks before (Fibonacci extended resistance target) and started falling ( 22819 Target- which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak/23000 which cant be crossed decisively. Short term support 22230 (MA 50)/22000/21800 Medium term Support - 21721 (Mar Low),21500 (Fib & Trend Line Support),21180, 20877 Fib Support as shown in the chart. Long Term Market expected range bound between 23300 ( Trend Line Resistance till May 2024) to 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Market Awaiting for the Q4 results to take a cue. Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quanties till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 32935. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend.ifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 every dip of individual stocks (2-5% of portfolio on each purchase for long term) Nifty 22419- Short & medium term (Neutral) As insisted in the last month, Market need to decisively close above 22800 to move up further. As expected last week for come back rally market went up.As mentioned in the past month, nifty almost reached the near term target 22819 two weeks before (Fibonacci extended resistance target) and started falling ( 22819 Target- which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak/23000 and again trying to cross it. Short term support 22230 (MA 50)/22000/21800 Medium term Support - 21721 (Mar Low),21554 (Fib Support),21300, 20877 Fib Support as shown in the chart. Long Term Market expected range bound between 23300 ( Trend Line Resistance till May 2024) to 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Market Awaiting for the Q4 results to take a cue. Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quanties till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 34918 /34000 two weeks before and went upto 32919. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend. Nifty closed at 22055(22440) and touched low & high of 21935 & 22585 Nifty was up from the support level and was trading inside the range (22000-22800) provided last month. However broke the support and touched down 21935.
NSE:NIFTY
by karthikss
Friday market update☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
by Yelli_trades
End of the week outlook - holiday time☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
by Yelli_trades
May Market Outlook, Sectors Rotation, Relative Strength AnalysisSince February, the commodities asset class has surged ahead, overshadowing the S&P 500's faltering performance. This notable shift in market dynamics underscores the resilience and strength exhibited by commodities during this period. Of particular interest are the XLE and XLU sectors, which have emerged as frontrunners since early March. This transition coincided with the decline in momentum of previously dominant sectors like XLK and SMH (refer to Fig. 2). Notably, XLE and XLU, characterized as growth defensive sectors, have thrived amidst market downturns. Investing in commodities and energy/utility sectors during these phases could have yielded significant profits, with select energy stocks boasting returns exceeding 25%, while the S&P 500 experienced an approximate 10% decline. Looking ahead to May, it's anticipated that XLE and XLU will maintain their market leadership, albeit with a slight loss in momentum. However, investors are advised to remain vigilant as these sectors may soon witness a change in dynamics. It's crucial to employ stop limit orders to safeguard profits in such volatile conditions. Following the current trajectory, XLY, XLRE, and XLF are poised to emerge as significant players in the market cycle (refer to Fig. 3&4). However, it's important to note that these sectors are susceptible to rapid momentum shifts, particularly when XLK and XLC regain momentum. Looking towards June, indications suggest that XLK and XLC will likely regain prominence in the market. For buy-and-hold investors, this presents an opportune moment to consider purchasing assets during market dips. Considering these market dynamics, my top investment picks are (TSLA), (GOOG), (AAPL), (ORCL), and Cisco Systems, Inc. (CSCO). These companies demonstrate strong growth potential, especially when timed strategically to align with sector rotation leadership shifts.
AMEX:XLELong
by MESHANL
JOE / USDT Update 05/04/2024Honestly, no idea, even smallest...or it was a premature end of short order or it is going to "HIT" TP.... Personally me? I did "cash in" already...chasing the "crumbs" could lead to the loosing all pack of the bread...Simply I do not like pointless gambling... or... it is simply lack of the patience... not so sure... G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS": PS, general advice: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point. ( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;) Congratulaions to all traders with profits again! ;)
by G-money2022
OTLK Surged 22% On Positive Opinion from CHMPOutlook Therapeutics, Inc. (Nasdaq: NASDAQ:OTLK ), a pioneering biopharmaceutical company, has achieved a significant milestone in the realm of ophthalmic healthcare. With the recent issuance of a positive opinion by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA), Outlook Therapeutics ( NASDAQ:OTLK ) inches closer to securing authorization for ONS-5010/LYTENAVA™, an investigational ophthalmic formulation of bevacizumab, as a treatment for wet age-related macular degeneration (wet AMD) in the European Union (EU). The Positive Implications: This positive opinion from the CHMP underscores the potential approval of ONS-5010/LYTENAVA™, which stands to revolutionize the landscape of wet AMD treatment in the EU. If granted final authorization by the European Commission (EC), ONS-5010/LYTENAVA™ would mark the first on-label, ophthalmic bevacizumab approved for the treatment of wet AMD in the region. Russell Trenary, President and Chief Executive Officer of Outlook Therapeutics, expressed pride in this achievement, emphasizing its significance in advancing wet AMD treatment options. He highlighted the company's commitment to delivering innovative solutions to address critical unmet needs in ophthalmic care. Clinical Basis and Market Potential: The CHMP's positive opinion was founded upon robust clinical data derived from Outlook Therapeutics' comprehensive wet AMD clinical program for ONS-5010. This program encompassed three pivotal registration trials—NORSE ONE, NORSE TWO, and NORSE THREE—alongside supportive studies and bibliographic literature. The efficacy and safety demonstrated across these trials signal promising prospects for ONS-5010/LYTENAVA™ as a viable therapeutic option for wet AMD patients. Furthermore, ONS-5010/LYTENAVA™ offers a compelling alternative to current treatment modalities. Unlike existing practices involving the repackaging of intravenous bevacizumab by compounding pharmacies, ONS-5010/LYTENAVA™ eliminates concerns regarding contamination, inconsistent potency, and availability. By providing a standardized, approved formulation, ONS-5010/LYTENAVA™ ensures greater reliability and safety for clinicians and patients alike. Looking Ahead: The anticipated authorization of ONS-5010/LYTENAVA™ holds immense promise not only for Outlook Therapeutics but also for the broader medical community and patients grappling with wet AMD in the EU. The potential introduction of this innovative treatment stands to enhance therapeutic outcomes, mitigate risks associated with current practices, and ultimately improve the quality of life for individuals affected by this debilitating condition. As the EC deliberates on the CHMP's recommendation, stakeholders across the healthcare spectrum await the imminent decision with bated breath. Should ONS-5010/LYTENAVA™ receive final approval, it would signify a monumental leap forward in the fight against wet AMD, reaffirming Outlook Therapeutics' commitment to innovation and patient-centric care.
NASDAQ:OTLKLong
by DEXWireNews