BHVN hit a 52 week high on my scanner 1/8/2023 with very good volume and a strong closing candle. If this takes out the high of the high tomorrow, then this stock is in play. Be sure to wait for things to settle down for at least 15 minutes after the opening bell before making any trading decisions.
The 2 methods I like to use in these cases:
1: Wait for the...
BHVN formed a head & shoulder pattern which reversed the trend to bearish. Later, it started printing LHs and LLs which is still applicable. Moreover, it has formed a descending triangle which is a bearish continuation pattern.
Chart says everything. A massive HS is forming, it may take a few more days to break the support, I have a short position, if it breaks down, it will drop very fast.
$BHVN
- Young biotech stock (IPO-ed in 2022)
- Broke out from IPO base back in Jan, and now building a tight pennant
- Biotechs $IBB $XBI $LABU are acting right as a sector
BHVN was bought out but the chart pattern is very similar except BHVN was going down more steeply for last 6 weeks. Both names figured in goldman's list for potential BO targets.
With an increasingly strong dollar and crude oil prices on the move there's some belief the Fed could need to move faster on rate hikes than previously planned. This should be a net positive for BHVN assuming. Were hoping most of the rout from XLV and IBB will clear soon against the backdrop of a strong dollar.
BHVN: Biohaven Pharmaceutical Holding Company Ltd.
2021-05-27 16:00:00
FDA Approves Biohaven's NURTEC® ODT (rimegepant) for Prevention: Now the First and Only Migraine Medication for both Acute and Preventive Treatment
Over the last three days, Tickeron's A.I.dvisor has detected that BHVN's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring...
Over the last three days, Tickeron A.I.dvisor has detected that BHVN's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring...
Over the last three days, Tickeron A.I.dvisor has detected that BHVN's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring...
A buy signal is generated. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 162 similar cases, 149 of which were successful. Based on this...
