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PHARMA

APELLIS PHARMACEUTICALS INC - NASDAQ: $APLS Knocking On DoorAfter breaking-out in early Spring (March), APELLIS PHARMACEUTICALS INC - NASDAQ:APLS has been building-out its right side in a prolonged base and presently finds itself nearing a potential move that may just catapult the stock into higher ground as evidenced in the Daily chart above. While further work is required, APLS presently trades above all of its important moving averages 20/50/200 DMA's, which depicts a healthy technical posture. Additionally, when one extends the time-frame out to the Weekly chart, we can also observe that APLS is presently knocking on the door to a potential move out of its long-drawn base. Thus, both investors/traders may want to pay close attention to the action in the days/weeks ahead for further clues/evidence that APLS may just be on the verge of breaking free from its base. Should APLS be capable of going topside of the $22.25 figure at any time in the days ahead, such development, should it occur, would like trigger its next meaningful advance into higher ground with and initial $24-$26 objective and perhaps higher.
NASDAQ:APLS
by OptionsGains
AMARIN CORP - NASDAQ: $AMRN Setting-UpAfter breaking to higher ground in 1Q19 and subsequently drifting back down to its original break-out level in the upper teen's, the shares of AMARIN CORP NASDAQ: AMRN are once again starting to show signs of potentially setting-up for another attempt at loftier levels as evidenced in the Daily chart above. While AMRN presently finds itself in drift mode working on its right-side, the stock continues to display favorable technical characteristics trading above all of its important moving averages (20/50/200 DMA's). Although further work is required, it appears that we may just witness a repeat of 1Q whereby buyers once again start to take control of the stock and should such scenario materialize, we suspect that it may have eyes for the $22 - $24 zone once again in the short-term. Thus, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for signs/clues that a move for greener pastures is underway.
NASDAQ:AMRN
by OptionsGains
Pieris Pharmaceuticals Inc. NASDAQ: PIRS Shaping-Up Pieris Pharmaceuticals is a clinical-stage biotechnology company that discovers and develops Anticalin-based drugs to target validated disease pathways in a unique and transformative way. The company's clinical pipeline includes immuno-oncology multi-specifics tailored for the tumor micro-environment, inhaled Anticalin proteins to treat respiratory diseases, such as uncontrolled asthma, and a half-life-optimized Anticalin protein to treat anemia. TECHNICAL After breaking-out on large meaningful volume two weeks ago, shares of Pieris Pharmaceuticals Inc. - PIRS now finds itself digesting/consolidating the recent thrust into higher ground on lower volume and in a very constructive manner. When observing the Daily chart above, we can see that PIRS is coming out of a rounding bottom and has recaptured its 200 DMA on the recent move. In addition, we can also see that PIRS now finds itself trading above all of its important moving averages (20/50/200 DMA's), which depicts a favorable technical posture. Both investors/traders may want to continue to monitor the action closely in the days/weeks ahead as we would not be surprised if a move into the $5- $6 zone were to occur in the not too distant future.
P
by OptionsGains
FSD Pharma (HUGE) - accumulation before next move upFSD Pharma looks like it is in accumulation, before a move upwards that could reach as far as the local resistance 'first trouble area' before retracing back down - there would need to be significant upswing in buying volume to go further than that. Indicators - Bollinger Bands looks awfully similar to how they did in July 2018 shortly before accumulation and bull run. RSI shows price currently sitting at support level. 10 Day MA is pretty neutral, no major bullish momentum but not falling under either. This would be a good play if buying in the green box and selling somewhere in the region of the first trouble area.
HLong
by emotionallydetached