Blue Bird Harmonics: 1100% Gains in One to Two Years
Fundamental Analysis: Blue Bird has suffered tremendous defeat in the stock market. Recently, a lawsuit was filed against Blue Bird, as backlash for failing to inform investors of changes with their expected timeline for completion of data release and FDA decisions. However, this coming March 27th Blue Bird is scheduled for a priority review of their joint PDUFA venture with Bristol-Myers Squibb Co. for their pivotal KarMMa study of Ide-cel in Relapsed and Refractory Multiple Myeloma. I would further venture to say that the lawsuit will fail. As you can see, from the harmonic here, the news should catapult them in a series of stock market wins.
Technical Analysis: As blue Bird share price approaches the primary support which has held it up since it's inception, a double bottom reversal is expected. Normally, a double-bottom would fall within +/- 4% of this hugely critical support price. It's important to note that price may reverse within that double-bottom zone or exactly within the harmonic reversal zone. The share price of Blue bird should be picking up around March 29th, just as the short-lived market-wide correction begins to really take hold. The short-lived market-wide correction should last exclusively or inclusively, from - (These time ranges were found with two dynamic price-time analyses of the DAX and NASDAQ). Based upon the positive and negative linear slopes in the chart, we have two prices ranges. The price ranges correspond to the harmonic price ranges loosely. In this first chart, we have the overall move of a strong major monthly chart bearish cypher pattern, over several years. After this current C point turn, the cypher pattern is expected to complete from 1 - 2 years. The next pattern, posted below, shows a medium strength daily chart minor bullish butterfly, which usually forms at the bottom of a downtrend and indicates a prices reversal. A price reversal should occur at the D point of the butterfly pattern, over the next several days or couple weeks. Each chart shows the expected timeframe for a price reversal to occur within. It is time to buy or sell, whenever price meets the requirements of both harmonics.
Good luck and best wishes!
Technical Analysis: As blue Bird share price approaches the primary support which has held it up since it's inception, a double bottom reversal is expected. Normally, a double-bottom would fall within +/- 4% of this hugely critical support price. It's important to note that price may reverse within that double-bottom zone or exactly within the harmonic reversal zone. The share price of Blue bird should be picking up around March 29th, just as the short-lived market-wide correction begins to really take hold. The short-lived market-wide correction should last exclusively or inclusively, from - (These time ranges were found with two dynamic price-time analyses of the DAX and NASDAQ). Based upon the positive and negative linear slopes in the chart, we have two prices ranges. The price ranges correspond to the harmonic price ranges loosely. In this first chart, we have the overall move of a strong major monthly chart bearish cypher pattern, over several years. After this current C point turn, the cypher pattern is expected to complete from 1 - 2 years. The next pattern, posted below, shows a medium strength daily chart minor bullish butterfly, which usually forms at the bottom of a downtrend and indicates a prices reversal. A price reversal should occur at the D point of the butterfly pattern, over the next several days or couple weeks. Each chart shows the expected timeframe for a price reversal to occur within. It is time to buy or sell, whenever price meets the requirements of both harmonics.
Good luck and best wishes!
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Time ranges: March 28th - April 12th and April 13th - May 3rd