NASDAQ:CDMO Avid Bioservices Inc
entry PT 5.25 (Buy date: 27 Dec '23)
Target PTs 7 - 7.25 --> 6.52 --> 9.50
Avid Bioservices, Inc., a contract development and manufacturing organization, provides process development and current good manufacturing practices (CGMP) clinical and commercial manufacturing services of biologics for the biotechnology and...
Bulls have broken a massive down trend line. I expect the breakout to continue as price rests on a developed up trend line in white. I don't know how high it will go, but it has potential.
A price action above 15.50 supports a bullish trend direction.
Further bullish confirmation for a break above 16.50.
The target price is set at 17.50.
The stop-loss price is set at 14.50.
The lower panel confirmed a change in trend direction to bullish.
A base formation can indicate a period of accumulation, where investors and traders are gradually building...
Price tested the descending (weekly) trend line and nearly tested the .78 fib level on above average volume. The Force index and MACD are both rising. Ideally this will break 20.01 with significant volume.
Target 22.38 after a confirmed break out.
Trying to maneuver our way into how to enter actual trades during this chapter. Talks about reversal patterns and candles are happening. The eventual talk about how "not everything is textbook" and "you just have to use your best judgement" is also being aired.
He keeps talking about selling when price is in the upper area of the channel. Probability states this...
MACD is curling up and price tested the 1 level on my fibonacci extension. Also the POC is in close proximity to the current price which should make this a low risk entry.
Dedicated contract development and manufacturing organization ( CDMO ) focused on development and CGMP manufacturing of biopharmaceutical products derived from mammalian cell culture. The company provides a comprehensive range of process development, high quality CGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical...
Tickeron AI shows that the 50-day Moving Average crossing above its 200-day Moving Average indicates a buy signal, due to the trend repositioning higher. In 4 of 4 cases where CDMO's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.
CDMO sometimes called a contract development and manufacturing organization (CDMO), is a company that serves other companies in the pharmaceutical industry on a contract basis to provide comprehensive services from drug development through drug manufacturing.
Remember corona? well i think they might get pumpped if corona virus needs rhe antidote...
Entry level $5.88 = Target 6.67 = $5.65
Average price target $9.50 | Buy rating
Company profile
Avid Bioservices, Inc. engages in the commercial manufacturing which focuses on biopharmaceutical products derived from mammalian cell culture for culture for biotechnology and pharmaceutical companies. The firm specializes in clinical and commercial product...
2nd green day after 6 red in a row could signal a trend change. 10 cent risk on 5.50 long term support level with 30+ cents potential reward playing off the $6 mark makes for solid risk/reward.
