BV3 trade ideas
Bavarian Nordic DiamondBavarian nordic may be bought by a bigger company. But im just saving the chart for later reference. Have a nice day.
On the watch for potential breakoutBavarian Nordic
is a fully integrated biotechnology company focused on the development, manufacturing and commercialization of cancer immunotherapies and vaccines for infectious diseases.
Is yet again testing the resistance at 200. The grey area is a 5 year previous Support/resistance zone, been tested multiple times.
Break out could lead to a significant rally
it goes on the watch list for now.
LongLooking at the FA and TA I think this is a homerun for the price.
Their pipeline is looking really strong, and I think we can expect this to hit 265 and the end of the year.
A clear break from its uptrend. It has broken out of its uptrend and started in a downtrend. Floor will be around 128kr. Thats were I will be buying back in.
Overreaction Bavarian Nordic have just failed to take their Prostavac to stage 3.
this haven't ben a nice day for the Danish company. they lost 6 billion danish krones ( 1 Billion $ )
there have been high hopes for the company on this product and expectations have been very high and have driven the price high.
but meanwhile people have been observing the process for the Prostavac, they have been making other products where a successful negotiation with the American market can secure them profit for the next future.
A big win will be if the drug will be accepted as a combination drug.
The price is very close to the previously gab between 147-166. the price have a chance to close it before moving up again.
i will therefore Long until it will hit the resistance at 264-265.
and short from the resistance to 147-166
Lets see how it goes. many they will surprise and their product will be accepted as a combination drug. this can drive the price back to its original level.
From bat to shark to 5-0Big ab=cd ending right at bullish Shark completion. If this pattern is succesful, I would be looking for a 50% upwards retracement right to a bearish 5-0 pattern around the middle of the channel.
Just something to watch for. It's tough terrain these days, who knows what'll happen!?
The old bear bat:
