Looks like AUPH is in the start of an uptrend after the $6 support level that developed. I am looking enter in at $6.60 with a stop limit set at $6.38, just below the old support at $6.40 back on April 6, 2017. Also, the price is closer to the bottom of the sideways trend so hoping for a move up back to the $7.90 price level.
We formed an ascending triangle as we approached resistance at $6.60. We have appeared to break above the top level in a bullish manner which could result in a bullish afternoon if we do not retrace back below $6.60. Hopefully, this trend will continue throughout the end of the day and into next week.
AUPH, Squeeze Released but Bounce Off Strong Resistance
The price trends have been squeezing within the flag for quite some time which correlates with the squeeze indicator. Hard resistance levels have been spotted. I anticipated meaningful upward/downward movement as we reached the tip of the flag. We broke through upwards today, but the lack of volume was met...
Potential breakout to the upside or downside of this pennant. I believe it's more likely to break upwards, as there is a very strong rising bid for support that's held up for weeks and won't budge. It's about to meet the downward sloping resistance and lead to a breakout. With potential good news coming out early next week, very high potential for a strong upwards...
This should be on everyone's top 5 watch for gap up or down. Based on money flow looks to be a nice long entry today, volatility will be high as shorts will want to cover.
I will be looking for long positions on Monday. PA is above 50 MA & VWAP indicators. On shorter time frames, will be looking at Support areas for entries, initial ceiling is $7.40, which when broken will go back up to around $7.67. This stock went up 4.71% on Friday, with a volume of being over 5,900,000.
You will need to evaluate all trading with your own...
Today I entered a put option with a 53 day expiry because the Bollinger Band and 20 MA was broken.
I expect price to fall between $4.00 and $3.00 within the next 15 to 45 days.
Max risk is about $160.
It will likely take some sort of major catalyst to get this guy to shoot upwards again, but it if does, the triangle pattern could net a 44% profit.
Two giant moves within the last 4 months.
Keep a close eye on this.
