Analyzing the options chain and the chart patterns of ASND Ascendis Pharma A/S prior to the earnings report this week,
I would consider purchasing the 100usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $6.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
NASDAQ:ASND
as can be seen on the hourly chart ASND is in an uptrend
recent earnings were a good beat,
RSI is quite high and it is at one than one STD above
the multi-session VWAP.
ASND is on watch for a pullback to find an entry
as it has high upside.
Contextual immersion trading strategy idea.
The demand for shares of Ascendis Pharma A/S looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $117,86;
stip-loss — $114,88
Information about take-profits will be later.
Do not view this idea as a recommendation for trading...
KEEP ALERTS SET FOR A BREAK OF $105, WHICH COULD RESULT IN A VERY NASTY FALL BACK DOWN TO THE GAP UP LEVEL $75,
AVERAGE ANALYSTS ESTIMATE $162.20
AVERAGE ANALYSTS RECOMMENDATION BUY
COMPANY PROFILE
Ascendis Pharma A/S is a biopharmaceutical company, which engages in the development of drug candidates. Through its TransCon technology, it develops a pipeline of...
I have not identified potential key levels but this stock might be interesting to invest on.
If you follow my ideas, don't forget money management, and don't stay too long on any market as this is important to avoid a long time risk exposure.
