Ascending triangle with resistance at 71.84 blue line and higher lows with red trendline as support.
Target price: $92.51
Trade idea
3 buying opportunity
1. buy when price bounce at red line showing support, and stop loss below red line at $57.84
2. buy when price cross blue line at $71.84, and stop loss below blue line at around $67 or below red line
3. buy...
Original run up was described here on my page early in my post history and here we are again. Beautiful inverse head and shoulders with a large green candle on the breakout. Willing to hold steady here and see if this one can break out. Target and stops presented on chart. Held up extremely well compared to broader biotech space (IBB, XBI). Not much more technical...
Hey traders, BRIDGEBIO PHARMA is in a fake bearish configuration with a fake return of executed sell volume and a sort of upside down hammer candle. By zooming in on the TIMEFRAME M1 we see a marubozu with a weak explosion on the past purchase volume, it goes to the highest of the bollinger. To check it then go to the top of the range and test it before the VWAP...
A company with an innovative approach to health care with an equally nice chart pattern. Check out what they have to offer on their company website (can't supply links yet)
Will the bulls continue pushing the price of Bridgebio Pharma through the resistance? RSI 14 shows no indication of their stocks being overbought and the pharma industry is doing well, so I think yes. But let´s wait for the next high of the MACD to see whether it converges or diverges with the price. In the case of a conversion, I call a breakthrough and long...
