PIRS trade ideas
$PIRS Falling Wedge Stock is primed for a breakout upon right volume and news. Recent 8k was super bullish.
$PIRS a look at todayfrom what I see what happened today was in the chart it's just the knee jerk reaction was a bit of a pain to watch. arrows point resistance levels and trend was bought up to that line of support after the rug pull. i don't personally see a trend change here yet. comments welcome as always.
BUY ALERT FOR PROFITMPP BUY ALER T
$PIRS is on BUY signal.
After support on this level we inspect it spike again.
BUY NOW
PIRS 20 EMA hitting 50 EMA.If PIRS dips down more I'm removing from my watchlist. As for now it is sitting on the 20 EMA with 50 EMA touching. Possible uptrend continuing. Watch for bullish candle and buy.
Short swing on PIRSAs we can see, in the past we had an all time high at 6.18 $. From there the price went down. It tried to fight the downtrend, but as we see at the marked spots, the bears won the fights. That makes me believe, that the price will fall even more.
I will wait for this pullback thats happening right now to end, and then after a small bearish candle, enter my trade.
I am not sure if we will make the final target, but of course I hope we will. At every target, I will adjust my SL.
First SL will be around the 5$ mark, most likely a little higher, to not get fished there =)
Good luck for all of us ;-)
bottom of another possible cup and handle Being with this ticker for awhile I've been through the ups and downs. I outlined a few areas where we see run ups and blowoff tops. It's my estimation that we get a 15 10 20% haircut at times with the blowoff. That's the nature of runs maybe? Maybe even more so with spec bio. Anyway I am eyeballing the makings of the bottom of another possible cup and handle formation, we just went through one. PIRS is news driven and has nothing but good news for months. Value based asset that is proving itself, imo.
High risk, in a strong trendWe have a strong trend here, looks like it will pullback to last support and then continue its stairway to heaven. But as we have no structure in the past, this one is highly speculative.
Me personally, I will open a paper trade and if it works out, and gives another sign, there will be a small long position.
Remember there's only one person who's always right in trading. Its name is: Market
Biotech Season Off to a Good Start
NASDAQ:PIRS catching some short covering perhaps near end of the day, sending it up near the critical 5 area. Low 4s held very well after a month long run and consolidation. Expecting this to breakout over 5 barring any extraordinary news; not following company details but certainly ripe for a catalyst. Wouldn't be surprised with upgrade ratings or purchase disclosures in the coming weeks that may drive it further in the near-term.
Biotech seasonality is upon us, further adding to my long bias here.
A diamond in the ruff?Been here quite awhile, showing relative strength for awhile now. Lets keep it going.
PIRS - Pieris Pharmaceuticals, Worth looking at!Another biotech... Worth looking at further.
www.tradinsignalreviews.com
Nice close here for PIRSclosing right at a key resistance made last Fall. Volume breakout will get us to 2.00 in the short term easily; my target is 2.23 without any significant positive news over the next couple of weeks.
PIRS on the way to recovery?First close above the EMA10 in 20 trading days, when stocks began tumbling in January. In at 1.57 last week, looking for a continuation closing above the EMA10 on Monday. Recent MACD cross and OBV increase support the continuation; RSI cross above 50 and we may see a return to the MA50 in the near term. PIRS seems like a good long-term value play here, but taking profits at appropriate times seems like the best thing to do in the current market unless you have a lot of flexibility.
Time to go long on PIRS, very long.The has been absolutely no fundamental change to this bio company that has multiple big pharma partners. Yet due to the overall biotech downturn NASDAQ:PIRS was hit pretty hard. This presents a true 10 bagger opportunity , and Im not even remotely stretching the truth. The technicals show you why right now is the PERFECT time to buy. A little due diligence will show you why its a must hold in 2016.
As you will find here --> there is plenty in the pipeline, both propietary and partnered. And when your partners are this strong, its hard to fail.
