The stock price just bounced from its major support yesterday and now it is going to test its resistance. If it could cross above $87.5 area with high volume, there is a probability the price would reach $98 or even $106.
Today we gonna look at the pharmaceutical company, as a potential new giant trend on the stock market. NASDAQ:BMRN laying on the strong support line near $87.87 and can move up suddenly. My recommendation: 1. Buy now around 87.87 2. Take profit: 109.45 3. SL: 78.68 Risk/Reward - 2.39, potential profit - 24,6%
3 months with the same resistance. Despite the price is above the 30MM yet, You should put a stop loss in the support $96,92.
Blue line: Channel on weekly Red line: Daily overall pattern Purple: Daily Micro pattern Its been in an ascending wedge for a while now; I think this is ready to follow the blue line and make a slow descent towards 80s
$BMRN clearing major weekly resistance. Just closed above. Watch for confirmation.
Stock in 2.5 year consolidation base.
NASDAQ:BMRN IT'S A SPECULATIVE PLAY BUT COULD REAP HUGE RETURNS
Looks like stuck in coil with indicators at week, 1 month, and 3 month still not showing upward trend. Possibly coincides with april/may convergence. Look for break above $100.
Biomarin Pharmaceutical (BMRN) is in a huge triangle pattern with double bottom stochastic divergence on trend line support. I highlighted recent divergences and you can see the kind of move this stock makes off of the signal. Be patient, and get in on the way up. Buy: 84.23 Target: 86.49 - 90.14 (2.69 - 7.02%) jbzstocks.com @jbzstocks
Gartley completion @ 92.49 - watch RSI or HSI on 5m chart. detailed charts: bit.ly
Price thru resistance, FDA priority review, 50 day in range.