GERN looks ready to rebound off its recent low of 2.65, stoc went it's 30 and a bullish continuation seems to be forming Volume on downtrend as well as current reversal is low however and should be preceded with exercised caution
Updating previous idea post. $GERN has not strayed from our troughs and did not fall through the $3.05 support . Created a projection line in black for possible expectations to break-even @ $3.23, possibly going positive to $3.30 News is neutral to negative with a reported earnings of $-0.05 per share, however the company has $146.7m in cash with positive outlook...
Entered @ $3.23 as a LONG position. Past week has been rough and tumultuous. It appears we are developing a short term wedge pattern in a long term uptrend. Up trending wedge patterns are usually results in a bearish breakdown. Stop loss set @ $3.00 @Andiki suggested Stop Loss at $2.94 Holding until Thursday and we will see what happens.
Geron is surging today with positive regulatory news on a key drug candidate, and one trader apparently believes that those gains will hold. 1. finance.yahoo.com 2. stockcharts.com 3. 247wallst.com Disclosure: I own GERON
Geron was kneecapped by the FDA hold 4 months ago. The Mayo Clinic had a partial hold also levied on their research. Recently the FDA released the partial hold on the Mayo, and it is assumed GERN will use the same data to sway the FDA into releasing their hold. Also there will be a 1 for 24 share divi for GERN HOLDERS of record of May 28th in a new company...
Geron CORP looks good for a buy here. We could see 4.00 soon after the 2.53 level has been crossed. Let's see if we can fill that gap. I'm not going to risk much here. If it loses momentum in the next few days it is not a good signal
Fibonacci Cluster Support.
Ready to bounce off support... watching closely.