CELGENE PULLBACK PROVIDES A GREAT LONG OPPORTUNITYCelgene is one of my top picks in the biotech sector, it is fundamentally strong, and the chart is providing a great potential breakout picture.
I have entered half of my position around 127.50$ and looking to add around 123$ with a hard stop below 116$ below 115$ there is a chance that we get back to 100$ though i am not expecting this scenario right now. Targets are new all time highs around 150$.
Notice this big sideway phase and the recent breakout, in my view this pullback could be a good chance to enter.
I encourage everybody to make his own analysis.
Blessings
Biotechnology
NASDAQ BIOTECHNOLOGY IS RETESTING THE BREAKOUTTextbook breakout and retest, this can be a multimonth opportunity.
In the coming days i will analyse some biotech stocks, where i am seeing good potential for a trade.
Gilead Biotech Aiming HighAlthough the ideas I share with you all revolve around currency pairs, I thought I'd share another specialty of mine: Biotech and pharma stock. If you're in the field, you may have already heard about Gilead having one of the best price to earning ratio of the major biotech companies. You may have also noticed the sharp decline that they experienced in the summer of 2015 which has largely been attributed to a loss in momentum due to the expiration of their patents and increased competition in the market. One could also argue that investors selling their stock contributed to the snowballing drop that seems to still be underway.
Despite all this, there has been a lot of positive news recently with current projects that were once in the pipeline (such as Harvoni and Sovaldi) that have now been approved for the treatment of Hepatitis C. This puts them squarely back in competition with AbbVie and other similarly sized companies. In addition to other projects, the temptation of selling put options on Gilead at this very attractive price should yield dividends within the coming years. That said, the reversal is still not quite there yet but this is a very long term play that you should be ready for.
As with currency pairs, this idea can turn on a dime so you should always take the necessary precautions!
bottom of another possible cup and handle Being with this ticker for awhile I've been through the ups and downs. I outlined a few areas where we see run ups and blowoff tops. It's my estimation that we get a 15 10 20% haircut at times with the blowoff. That's the nature of runs maybe? Maybe even more so with spec bio. Anyway I am eyeballing the makings of the bottom of another possible cup and handle formation, we just went through one. PIRS is news driven and has nothing but good news for months. Value based asset that is proving itself, imo.
IBB should push higher - 329 area in next month or soLong some IBB calls at the 313 area. Expecting 320 area for the short term target where I will close half my position. Leave the other half to attempt a run up to 329 territory.
XBI: Biotech slide back to channel bottom until End-JulyXBI, LABU, BIB should slide to the bottom of the channel until End-July. See high moving-average divergence, reconvergence and channel pattern. Short unless something changes.
OPRN Long Position ChartA peek through the trend line looking good and Low float with any type of news catalyst could give this stock wings. I will use a break through $.94 as a confirmation reversal and will add to my position when passing $1.07. MACD cross on daily, RSI rising on daily. Volume will come from any exposure catalyst. A heck of a PT on this stock as well.
Cash bleeding company on a bullish trend how far can this run?PLSE has been bleeding cash for a while now but it has attracted investments from two investors providing cash infusion to help it stay afloat on early February. This is when the stock broke out and has been trending up since then. Even though doom and gloom was predicted for PLSE here on Feb 23 2017 stock has moved up by $7 since then. Yesterday I was expecting a pull back to $18 or a $22 to hold and rip. Now some sort of consolidation would be necessary or else this will get shorted aggressively.
Originally posted in : blog.buysellshortcover.com
AMRS down - uknown reversalSome support at .31 maybe.
Big selloff by majority owner Temasek.
large downturn
will biol blow up? the road to 2.14 good fundamentals. hoping for reversal, to 2.14-2.2. solid entry, try 1.94/1.2 is 1.61 so around there is perfect for the correction up. best!
Biotech's 40% Bear Market is OverThere is one useful way to determine when a trend is over and that is using a 50% "speedline" of a move.
The decline from $400 in $IBB, the IShares Nasdaq Biotechnology Index Fund back in July 2015 and then tumbled 40% to $240 on February 9th, 2016 and later retested $240 on June 27, 2016.
The mid-point of that decline is $320 and a line drawn from the top at $400 down through the $320 level on June 27th gives you a line that is now down below $275 and that line has been violated to the upside, retested and is turning back up again and THIS TIME it is with President Trump pushing for faster "time to market" in exchange for lower drug prices. Will the deal go through and will it make a difference? Time will tell.
For now, the Yellen-Bubble-popping bear market has been dramatic since August 2015 as it tumbled a whopping 40%.
But there might be signs of life here in Biotech Bubble land, even with fears of price gouging still lingering over these stocks .
For now: Average in over the next 2-3 months and see if this story pans out.
Tim
12:31AM EST February 2, 2017 280.42 last $IBB. Other symbols for Biotech $FBT, $XBI, $BBH
(TEVA)-Entering buy zoneNo position yet. Refer to chart:)
If you have any thoughts about this company, please leave in the comments:)
Multiple +ive patterns1 trend retest
2 trend-based fibo. bounce zone
3 possible three bottoms (Super Pattern)
$KBIO Long12.5.2016- $KBIO currently trading at 4.25. Potential once they receive PRV (Priority Review Voucher) for Benznidazole possibility for trading at $5-6. Stock jumped about $1 due to the Letter to Stakeholders by Dr. Cameron Durrant. I expect this stock to rise.
Disclosure: I am long $KBIO
SEE MORE: globenewswire.com
tkai long risk/reward 1.64Tkai massive upside potential. In other words, buy between .99 and current price 1.06 and aim to get out in the 1.2's. Current price is the high point of first wave up (the XA)..price descended appropriately (1--> .618) for support, and moved higher between the 1.21 and 1.41 exetension of XA. The following downtrend in price should suggest a move upwards to at LEAST 1.2s.
INTER. BIOTEC. TRUST PLC. - UK STock - Sell at ResistTrade according to Price tags. Take profit at S/R levels.
XBI Short Term Down Trend ContinuesDespite the gap up today, the short term downtrend is still in-play. Key support/resistance are converging which suggests a strong move either way. The descending triangle pattern seen here has a heavily has bearish probability. My 2 main trend indicators are EMA (13/48) and PPO (12,26,40), which are both bearish on the daily time frame.
