Bellicum Pharmaceuticals

*trading opportunity*

Nothing too complicated here - on the above monthly chart a regular bullish monthly divergence is visible following a heavy oversold condition (orange column).

Why bullish?

1) Double monthly ‘Dragonfly DOJI’ candles.

2) Higher highs in the oscillators as price action makes lower lows + Volume increase.

3) Monthly Bullish engulfing candle.

Target? No idea - however an update will be made here when price action becomes overbought.

Trade active

Comment:

2-week chart prints a Dragonfly DOJI - this would be a good entry point.

Trade active:

Previous 10-day candle that printed yesterday forms a Dragonfly DOJI - excellent opportunity to cost average in.

Trade active:

The regular bullish divergence continues to grow following the breakout of resistance as shown on the 10-day chart:

Zooming in a little closer the weekly chart is printing bullish engulfing candles:

$2.75 is an amazing long position if you can get it.

The weekly chart:

Trade active:

10 oscillators now showing bullish divergence with price action. A significant move should now be expected.

Comment:

For what its worth I'm adding to this one now that a buy signal is printing on the 10-day chart.

Trade active:

Strong bullish divergence on the 5-day chart