Long ADMA, Bullish PinThe recent high from ADMA's recent FDA approval may seem to be dying out, but there is a strong support line at
Support line has been tested three times at around $5.00. Although it has been tested quite rapidly, within a 4 day period, this seems to be a good indication that we have found our new support line.
This makes the bullish pin even more prevalent and accurate.
ADAM to shoot up.
ADMA trade ideas
Volatile Past - 4hr Interval - ADMAHello Everyone,
The stock (ADMA) PA (Price Action) has been nothing but (IMO) an eye opener. As numerous traders were seeking to short the stock at price intervals (4.10 -4.15), there was another (bullish) penetration in the stock's trading average. This certainly is lesson for anyone interested or keen on investing in the stock market. (Avoid sporadic price fluctuations, be diligent and considerate of market catalysts)
Resistance Level 2 - (6.80 - 7.10) 30 cent interval
Resistance Level 1 - (5.80 - 6.10) 30 cent interval
Blue Horizontal Line (KPZ) - (4.30 - 4.55) 25 cent interval
Support Level 1 - (1.90 - 2.20) 30 cent interval
Furthermore, risk management is pivotal when attempting to trade such a stock. (Do not let impulsive actions wipe-out your account).
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Plan)***
-LionGate
ADMA - Downward channel breakout long from $2.83/$3.21 to $4.43ADMA is running within a downward channel formation. It's getting some upward momemtnum & looking quite good. It seems trying to break out. It has lots of insider selling. We think it will be a good long trade.
* Trade Criteria *
Date First Found- December 26, 2017
Pattern/Why- Downward channel breakout
Entry Target Criteria- pullback to $2.83 or breakout above $3.21
Exit Target Criteria- 1st Target $4.43, 2nd Target Momentum
Stop Loss Criteria- $2.37
Indicator Notes- Twiggs money flow turned to the positive side
Special Note- Lots of insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)