a4ankurbhutani

EBS possible setup with 2 major supports

Long
NYSE:EBS   Emergent Biosolutions, Inc
EBS looks like a solid buy, I am investing at current price, if it goes down then I will add around second support.
Reasons to buy:
  • RSI looks oversold

  • Stock trading at long term trendline

  • 2021 consensus earning estimate 9.01 which means 7~ PE.

  • Volume is increasing which shows it is getting attention

Once the FDA will approve its facility, it will fly. Also, even if it breaks current level 2nd huge support level is not that far. So, doesn't have much to loose.
Comment: Trade is still active, it is going the same way I had drawn
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