The recent high from ADMA's recent FDA approval may seem to be dying out, but there is a strong support line at
Support line has been tested three times at around $5.00. Although it has been tested quite rapidly, within a 4 day period, this seems to be a good indication that we have found our new support line.
The stock (ADMA) PA (Price Action) has been nothing but (IMO) an eye opener. As numerous traders were seeking to short the stock at price intervals (4.10 -4.15), there was another (bullish) penetration in the stock's trading average. This certainly is lesson for anyone interested or keen on investing in the stock market. (Avoid sporadic price...
ADMA is running within a downward channel formation. It's getting some upward momemtnum & looking quite good. It seems trying to break out. It has lots of insider selling. We think it will be a good long trade.
* Trade Criteria *
Date First Found- December 26, 2017
Pattern/Why- Downward channel breakout
Entry Target Criteria- pullback to $2.83 or breakout...