VERU trade ideas
VERU Options Ahead of EarningsLooking at the VERU options chain ahead of earnings , I would buy the $10 strike price Calls with
2023-4-21 expiration date for about
$0.60 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Weekly rising trendVeru is going to touch its rising trend which comes from April 2019.Whenever it touches that line it bounced following weeks. If fda approval comes for EUA, it may go above $25 in a short time. The company already have 2 more drugs approved by fda. Best time to buy under $6 now. Thursday closed at $5.91
RSI
LONG , DAILY TREND AT VERUIf yıu look at daily graph of #Veru , you can see it tocuhes daily trend line. I tried to show you in circles, whenever it touches to trend line it jumps up and make new top.
Price is $6,59 now and the first resistence area is between $8,50 - $10
I buy Veru shares from this level and wait some time to make profit. $VERU #VERU
Good Luck
Continuation of uptrendHi.. As you see on the chart we will have a continuation of uptrend after the breakout with force the vwap indicator and the resistance line by a big green candle with a large green volume., In other hand, if the support line is broken it's mean that we will have a reversal trend.Thanks.
Analysis-Big probability of a downtrendAs you see on the chart we will have a big probability of a downtrend after the breakout with force the vwap indicator and the support line by a big red candle with a large volume. In other hand we will have a continuity of an uptrend after the breakout with force the resistance line by a big green candle with a large volume.Thanks.
Analysis-Big probability of uptrendHello! As you can see on the chart, we are in a downtrend and we are not going against this trend. Looking at the chart pattern we have a high probability of having an uptrend if and only if the resistance line is forcefully broken by a large green candle and followed by large green volume. Alternatively, we might have a downtrend continuity if the support line is forcefully broken by a large red candle and followed by large red volume.Thanks!
Possibility of reversal trendAs you can see on the graph the buyers are trying to approach the vwap indicator little by little. This means that we could have a trend reversal however if the vwap indicator is broken forcefully by a large green candle and accompanied by large green volume. But let's be patient so that all the conditions are met.Thanks.
Analysis-Big probability of an uptrendAs you see on the chart we have the breakout of the vwap indicator, it's mean that we will have a big probability of an uptrend. In other hand, if we have the breakout also of the resistance line we can double our buying position. But, we can have also a continuation of a downtrend if we have the breakout with force the vwap indicator and the support line.Thanks.
AnalysisAs you can see on the chart, we are above the vwap, ie we are in an uptrend. Looking at the chart pattern, we have a high probability that the market will go down if the support line as well as the vwap are forcefully broken by a large red candle and accompanied by large red volume. But, let's keep an eye out because we could have a continuation of the uptrend if the resistance line is broken forcefully by a large green candle and followed by large green volume.Thanks for your attention!