Possible Double bottom
Near support line
OBV> OBV34
WR not good yet
Entry 1.6
No Stop
Target 3.4
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
I created some tradingview scripts to improve my trading...
with this current volume we should see a continued march toward my favorite 2.65 number. Any rapid increase in volume breaking and holding 2.65 we see fireworks to all time highs
Posted previously on this
Following up with a new post as it is nearing catalysts and technicals have suggested that it has broke out of a long consolidation period
I personally think this is due for a major run where the March earnings call should bring a lot of positivity to this stock. I'll be expecting encouraging first quarter sales of Olinvyk, their FDA...
GAVE BACK ALL OF THE LAST IMPULSE MOVE AND ESTABLISHED A BOTTOM. MOVED HIGHER AND ESTABLISHED A HIGHER LOW. LOOKING FOR IT TO RECAPTURE 2.50/2.60 GOING TOWARDS EARNINGS.
GOOD NEWS RELATED TO THEIR PRODUCTS COULD SEND THE STOCK HIGHER.
THIS IS NOT FINANCIAL ADVICE AND IS PUBLISHED FOR MY RECORDS.
I believe the larger symmetrical pattern for $TRVN will play out and I think the stock is currently in the ideal buy area, which is the green highlighted area below the red downtrend of the triangle but above the blue curve. The current technical setup also gives you the option to use the blue curve, the orange trendline or green horizontal supports as your lines...
It appears TRVN is forming the right side of an Inverse Head & Shoulders pattern. I like using $2.10 as a line in the sand as that was a key level in 2017-2018 tested as support and resistance multiple times and I am considering that time & price range to be the 'left shoulder.'
Very bullish for NASDAQ:TRVN in the long term.
- High demand product with blockbuster drug good for opiod crisis.
- Potential replacement for morphine, no real competitor
- Partnership with Syneos for sales
- Potential buyout
Good levels to buy at 2.50 and 2.33
Should see rise towards next quarter earnings.
Long term PTs
TP1 - $5
TP2 - $15
TP3 - $30
I observed that head and shoulders chart forming and waited for it to resolve itself before taking a position here. What I have previously observed about cup and handle charts is that the handle itself can take as long as a year through consolidation sometimes. Let's see if we can start closing above these fib retracement levels. Might be enough to at least...
The MACD is crossing and the price closed above the 50% Fib level which is the strongest of the Fibonacci levels. I will set a stop at the prior low of the day (11/11) of 2.52 and anticipate a move to 2.83 and then 3.20 in the short term.
Pupm&Dump trading strategy idea.
$BLRX is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,82;
stop-loss — $3,07;
take-profit — $2,57;
Do not view this idea as a recommendation for trading or...
