FGEN A Biotechnology Penny running to earnings LONG

AwesomeAvani Updated   
NASDAQ:FGEN   FibroGen, Inc
FGEN has been uptrending for two weeks. In November's earnings it beat on revenue and

burned less cash than projected. Another earnings report is impending. On the 30 minute

chart, price has pumped 250%. The volume is okay but is not showing a rise and the price

volume trend is flat. This is an unusual pattern. The mass index indicator shows hints of

getting into the threshold and trigger zones. The dual TF RSI shows both low and high TF lines

in the 60s. I am inclined to watch this, the price rise without corresponding volume increases

seems to run against Wychoff theory. I will put it on a watch list. As a speculative penny

stock with no earnings I will leave it alone until I see increased volume and volatility at

earnings. Could there be some manipulation hidden behind the chart?
Sideways for now.
Trade closed: stop reached
Trade active:
Chasing here and reopened the trade long.

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