NASDAQ:BCRX
Expecting a bigger pullback below $6 then more upside towards next resistance zones. However I would wait for 4h HA candle confirmation before entering a position.
Weekly chart for BCRX showing a large symmetrical triangle that price has recently broken out of
Using a bars pattern we can plot potential future price action (in green)
Price will likely stay above the upper part of the triangle, which is shown in the green pattern
BCRX: BioCryst Pharmaceuticals, Inc.
2022-08-31 07:00:00 FDA Grants Orphan Drug Designation for BioCryst’s ALK-2 Inhibitor, BCX9250, for the Treatment of Fibrodysplasia Ossificans Progressiva
I propose that there will be no further rejection from .382 after the one we have just seen (in green rectangle) which has been used to form a support
This support is something that has been lacking in all the past jumps in price, making me think that this time will be very different
Another idea that supports this is the indecision shown on the Gaussian Channel...
I talked about this bullflag a while back. Took longer then expected but we finally broke through consildation channel. 30$ stock in a few weeks I’m sure. Blue sky breakout once we break 22.80s . Support 16.80s
Last resiatnce 22.80 before our sky. 1.618 is 35.80
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working good here
2. Globally and locally uptrend
3. The level confirmed by FB
4. All-time high
5. enough room for 1 to 5.1 r/r
6. The price came from below
7. Report on FEBRUARY 23
8. A near test what is bad for short but it stoped below the level
9. No news for the last...
This is very important point for $BCRX, I can see this go either way but my guess is by the end of the week we see $BCRX at $16. I am going to do a more in-depth analysis in the next week.m
Retrospective look at $BCRX:
1. Gap down to lower low aligning with oversold signal on RSI (Blue Circle).
2. Continued downtrend forming Descending Triangle (Pink Dashed) following hypotenuse resistance line and flat support line.
3. Double bottom then forms (Green Box & Dotted Line and Orange Arrow) within the converging trendlines.
4. Simultaneous bullish...
Beautiful bullflag / falling wedge breakout here. I’d be interested in a pull back to high 14s to low 15s here as a backtest of this downward resiatnce. Seems like that would be a great Long postion if that area held up as support. Def keep this on your radar
Been watching this for years, great pipeline, nice set up to start the year. First target is $15's if we break through here, then ATH's and blue skies.
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working well.
2. Globally downtrend locally uptrend.
3. The level is confirmed by many false breakouts.
4. Near test, but we see a pin bar on the last day
5. Approached with big bars
6. Approached with no rollbacks
7. There is accumulation in from of the level, but I still...
My favorite long term bio setting up for a bullish move.
Price bounced off support with a bullish hammer candle on higher relative volume, with bullish divergences on both the MACD and ADX.
Possible long setup in the short term.
Entry: 11,30 area
Short Term Target: 12,80 area
Stop loss: 10,50 area
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Fundamentally I expect this to go $100+ by 2025.
I have followed this stock since it was in the $2's..my wife still have hundreds of shares with a sub $3 average. The technical set up was there, bought $12's at $0.16 yesterday, currently going for over $1...but I close out early this morning with all my other trades and didn't get the run
Updated to show the consolidation happening here, biotech stock that has many pipeline drugs and has potential to make big moves...we'll see how this resolves.
