Fully expect a good earnings report. Positive news from the company. Nothing but good news as far as this company is concerned. Earnings posting this week, and will not disappoint. We could see a nice jump up here.
On the weekly chart: We're hitting a major horizontal support line on the weekly chart.
On the daily chart: we have a nice doji candle.
Could be a start for an uptrend if we break over 2:57
Weekly price action tends to have more weight on the price. Could be one of the double your money moves.
I'm not a financial advisor.
Do your own research!
Two downward triangles combined, for now EMA 20,50 is hard resistance - needs to push through. Beside catalysts i would be very careful with a swing trade in this one
Weekly Demand Zone
Entry 2.47
Stop 1.9
Target 5
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
NASDAQ:AKBA 4HR chart is setting up a nice buy signal. It has a very large rounded base followed by a trendline break. Additionally, the 50 EMA is about to cross above the 200 EMA.
This was alerted on the Transparent Traders Black Box as a bullish swing trade. Our indicators on TradingView also are showing bullish as well. I am looking for entry at 3.36, stop loss at 2.83, target between 4.10 to 5.07.
$AKBA is a heavily shorted bio-technology company that recently won DOD funding for one of their phase three candidates. I think the bullish trend is just getting started and a real shove will add 100% or more to the price of the stock.
I like this one for next week. This ascending channel has an established uptrend and presents an attractive risk/reward at 3.05 entry. I am looking for this to make next leg up next week to 3.30s. There was also positive news released about DoD funding and a potential FDA approval of a new drug early 2021 that may act as a driving catalyst for this in the medium term
Welcome to the first "Random Pick of The Week", where I will randomly select a ticker to chart based on comments posted below or sent via direct message.
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Todays's Pick: AKBA / Akebia Therapeutics Inc.
Looking at the great scheme of things, we can see that AKBA has been in a steady...
Akebia Therapeutics, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapeutics for patients with kidney disease. The firm also involves in the development and commercialization of drugs for the treatment of renal and metabolic disorders. Its products include Auryxia and Vadadustat. The company was founded by...
Trendline break, HUGE upside.
Wait for the opening dump,even if it breaks the premarket peek at the open stay put waiting for that dump..then trade it from support to resistance entering above support and selling 20% below resistance.
Tight Stoploss..
Daytrading Amplitude" At least 300 shares...The daily amplitude is way below ideal for day trading...this...
Analysis done on 25/05/2020
Fundamental
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
Awaiting buy trigger
→ CCI <-100
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
Pull trigger
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
Stop Loss
→ 50% below price bought
