29/03/19 - ADMA (N) @ 3.68Overnight Hold - Broke day resistance after 2:30pm, Catalyst presented at conference on 19th March
ADMA trade ideas
ADMA - 40% potentialADMA is within a strong trend.
Price, MACD and RSI are all lined up for a new push up the channel.
Setting stop loss just below trend channel.
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.)
Long ADMA at 7.24, stop loss at 6.77Long ADMA at 7.24, stop loss at 6.77 and trailing stop loss on the way up in order to keep your profit.
