BMRN short ideabiotech bubble will pop, but even before that this rising wedge looks bearish, at least for a quick scalp to support
0HNC trade ideas
The decision to BUY BIOMARIN PHARMACEUTICALHey people, BIOMARIN PHARMACEUTICAL is in a compression zone, great potential to break from above to breakout the stabilization zone.
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BioMarin Pharmaceutical $BMRN. "Fake Breakout" ?It break out the pivot. Both the volume and RSI are weak. possible pull back to $92
BMRN - Impulse MoveBMRN is in a Wave 4 of 5 impulse move. Target is 98-100 by end of Feb early March.
Biomarin Pharmaceutical - downtrend over?Waiting for at least 3 closes above the 200sma to confirm new uptrend.
BMRN Inverse Head & Shoulders FormingLooks like there's an inverse head and shoulders pattern forming whose price target would exactly hit the long term trend line. Waiting on formation and/or break confirmation to enter long.
BMRN possible long playBMRN - belongs to the medical industry.
Biomarine is an American biotechnology company focused on enzyme replacement therapy.
On August 1, it reported financial results for the second quarter of 2019. Revenue for the quarter was $ 387.8 million, up 4% from $ 372.8 million for the same period last year. The net loss was $ 37.4 million, compared to a net loss of $ 16.8 million in the same quarter last year.
Other points to consider:
Is in the lower Bollinger strip, you will probably fix.
Reversal candle..
Is at a significant level
Over 72 long is possible.
All of the above, of course, at your own discretion, your trading rules and your preferred trading strategies.
This is not a recommendation to buy / sell.
Goodluck.
BMRN ridiculous Morningstar analyst target price! Morningstar weekly highlights set Biomarin Pharmaceuticals with an amazing $119 fair price value ( 50% above current price).
Rating: 4 stars
Uncertainty rating: Medium
Moat: Narrow
Potential Stock of the Day: BMRN July 10, 2019The stock price just bounced from its major support yesterday and now it is going to test its resistance. If it could cross above $87.5 area with high volume, there is a probability the price would reach $98 or even $106.
BIOMARIN - GOOD BUY OPPORTUNITYToday we gonna look at the pharmaceutical company, as a potential new giant trend on the stock market. NASDAQ:BMRN laying on the strong support line near $87.87 and can move up suddenly. My recommendation:
1. Buy now around 87.87
2. Take profit: 109.45
3. SL: 78.68
Risk/Reward - 2.39, potential profit - 24,6%
[BMRN] It's starting phase 3?3 months with the same resistance. Despite the price is above the 30MM yet, You should put a stop loss in the support $96,92.
Ready for slow move to down side to form new descending channelBlue line: Channel on weekly
Red line: Daily overall pattern
Purple: Daily Micro pattern
Its been in an ascending wedge for a while now;
I think this is ready to follow the blue line and make a slow descent towards 80s
$BMRN clearing major weekly resistance$BMRN clearing major weekly resistance. Just closed above. Watch for confirmation.
BMRN stuck in coil?
Looks like stuck in coil with indicators at week, 1 month, and 3 month still not showing upward trend. Possibly coincides with april/may convergence. Look for break above $100.
