Assertio Holdings Inc is a pharmaceutical company. It is engaged in providing solutions to advance patient care in the areas of neurology, orphan and specialty medicines. The company markets three FDA-approved products for various neurological conditions including Gralise, tablets for the management of postherpetic neuralgia; CAMBIA, for acute treatment of...
Follow up on the bullish pennant I had on the daily on April 22nd.
This time, bullish flag on the weekly chart. Confirmed.
Pros:
1- Bullish Flag, confirmed on the weekly.
2- Post formed with volume
3- Descending volume during flag formation
4- PPS above 50MA and 200MA
5- RS above 0, but a bit flat
6- R/R ratio above 5
7- 50MA above 200MA
9- 50MA ascending
10-...
NASDAQ:ASRT
Here is my TA based on chart patterns and Elliot Waves.
I expect bullish price action to the 6.80$ area, then a rejection to the 4$ area as a strong support and buying area, and another bullish price action to accomplish wave 5 with a target price of 11$.
Well, the more I look, the more I see them. Bullish pennants and flags are showing their faces again, and they may be profitable if they confirm.
In this case, ASTR has bottomed in 2021 and been climbing steadily ever since.
Currently building into a bullish pennant pattern.
Why so bullish?
Pros:
1- Bullish Pennant forming
2- Post forming with volume
3-...
Average Dollar volume had increased substantially on Friday which caught my attention. Then I come to notice that we have a pretty clear consistent uptrend here and we shall look to break previous highs and hit that 2.09 mark.
So the same channels are still in play here, and we did not successfully keep the momentum above $1 to keep it in play.
There have been several re-tests against the resistance and supports along the yellow channels lately, including some odd barcoding today as it tried to break out over $1.
I have identified another wedge and kept the previously identified...
Don't buy. Golden cross incoming, earnings on March 11th. Soonest Options expire March 19th
I hold calls but this is probably worth 0.60 cents by the 19th.
I've had people say that this go up and I am sure it will but in the context for short term. One month. It's going down I believe. I doubt it will even be a dollar by 3/19, should be around 45-60c at the worst or what it should be called is fair value.
Even with RSI, CCI, MA cross that maybe hit soon in the coming days, I just don't see ASRT beating the downturn...
long term play!
look for pop as:
- earnings on March 11 4:30 EST , so watch the after hour market March 11 and pre market for March 12
- they are presenting at Virtual Roth Conference on March 15
again, keep in mind the bearish market as of recently, plot your entries/ exits
