Pupm&Dump trading strategy idea.
$BLRX is rising too much 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 $3,66;
stop-loss — $3,82;
take-profit — $3,36.
Do not view this idea as a recommendation for trading or investing. It is...
I honestly believe this stock is a real sleeper. analysts predict a 247% increase from current levels. I would keep an eye on this one. Tight squeeze showing as it continues to consolidate. reminder, this stock has been consolidating for a while now and the longer the consolidation the bigger the push. However, there is a gap that can possibly be filled as well so...
We have a possible setup forming on BLRX, in that it does seem to be filling out the descending wedge to the downside. Let's watch for a break to the upside and a confirmation retest of the trend line as well. This is not trading advice.
Been holding up pretty damn welll. 3$ level is first main support. If falls below that 275 has been well know support. Golden cross incoming on weekly. Short term bearish mid-long term bullish. If waiting for breakout , long long is founded supporrt above 4.27
Analysis:
Daily chart, initially price was in sideways range for 225 days between 1.17 - 2.34 areas. Price has since broke out of that range and has been bouncing between 2.34 - 3.07 areas. 2.34 price was resistance turned support area. Price has also been above & steadily supported by 200 MA, signaling the possibility of the start of an uptrend. We also have a...
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 $4,39;
stop-loss — $4,69;
take-profit — $3,79;
Do not view this idea as a recommendation for trading or...
speculation, a neutral to slightly long posture is present. Fundamentals appear to be driving this asset currently. Slow steady growth is more probable than decline IMO. Investor sentiment overall will be a driving factor for immediate swings in the short term. (Holidays, election, New years,
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 $2,04;
stop-loss — $2,60;
take-profit — $1,48;
Do not view this idea as a recommendation for trading or...
BioLineRx Ltd. is a clinical stage biopharmaceutical company focused on oncology. The company was founded in April 2003 and is headquartered in Modi'in, Israel.
