Updated ascending trend line. General thesis still holding.
Hello, Please pardon my charting. I find it is best to combine TA and some DD for the best trades lately. Definitely a solid level of resistance and higher lows in the weeks leading up. Notes regarding the drug in question, Rilonacept, which addresses recurrent pericarditis. "In RHAPSODY, the primary efficacy endpoint of time-to-first adjudicated pericarditis...
Looking at the volume profile from the precipitous drop a few days ago, we can expect high volatility in this gap fill. Today it tested and broke above the gap bottom. Let's see how it plays out.
End of Month PDUFA date coming up. The chart itself is shaping up nicely. The drug is a very promising cancer treatment! Today (2/23) is a very red day, after half hour of trading, the low has retraced back up into the triangle. I'm thinking if I had money from other trades, I would have moved in today or tomorrow (seeing how this week pans out). Buy along...
There appears to be an Ascending Triangle that has formed and is keeping within the range as it tightens up toward the end. I'm not genius, but, I figure everyone already saw this anyways! Me being the genius that I am knew to buy along the ascending trend line, but actually bought at the point of resistance as a result of fear. Despite the fact that I used...