The COVID-19 pandemic is holding the world, the economy and our health in a tight grip. So far Biontech/Pfizer have been successful with their vaccination, but as the virus mutates, it is unclear how effective the vaccination is. Many COVID-19 infected patients have to be hospitalized with a need for mechanical ventilation and that is where Humanigen plays a major role.
Humanigen reports positive Phase 3 topline results demonstrating that their drug under the name Lenzilumab™ improves survival without need for mechanical ventilation. These news are really huge and better yet: Humanigen has requested an Emergency-Use-Authorization (EUA) from the FDA.
Now looking at the price development of the share, there were some nice intraday profit taking (PT) opportunities, but the stock has actually a potential to grow much more.
Look at the trading range and monthly levels to set your PT levels. There was a nice retest of the support level (at 15$ and a bit below), which had provided and excellent opportunity to buy in cheap, but catching a falling knife takes a lot of practice (I rarely succeed myself, but I was lucky with this particular trade).
Have your PT goal in mind, because most of the times people lose money, because they become to greedy or don't cut losses (had to learn this the hard way myself :D).
Other than that, I am really optimistic on the upwards potential of this gem.
- This is no financial advice, so trade with care -
For transparency: I am invested in HGEN with 1/3 of my stock portfolio and usually keep 2/3 for dollar cost averaging.
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HGEN has performed pretty well in these past days. If you had been able to catch the falling knife (as described above) you made a good amount of profit already.
As you can see, the price is currently testing a monthly resistance around 18.40USD (white thick line) - most likely I expect the upwards trend to continue and I am waiting for a bigger move, when Humanigen receives the EUA from the FDA. I suppose it will be more a matter of "when", rather than "if", since Lenzilumab has proven efficacy and Covid-19 is raging.
I would like to have your feedback on a review ! Do you think the action will make a Sky rocketing or gradually rise ? If we can cross 37.8 $, could go up to 78 -100 $ Maximum to my opinion . I feel like it's going to gradually show up to$ 40 ? ^^ And after, it will stagnate until the validation of the FDA .. (or if not, stay steady and jump all at once..but I find it hard to believe this because everyone needs this medicine... I think it will go up like the moderna gradually) When do you think ?
Because as you say, it is a questino of "time" and not of "If"! Your comment on the TP is very fair and it worries me a little... I wish I wasn't too greedy. I have a big possition on Hgen too
redfoxpack
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@lokou90, Hi! Thank you for your feedback :) I have published an updated idea on HGEN with possible target levels. I hope that helps.
I would like to have your feedback on a review ! Do you think the action will make a Sky rocketing or gradually rise ? If we can cross 37.8 $, could go up to 78 -100 $ Maximum to my opinion . I feel like it's going to gradually show up to$ 40 ? ^^ And after, it will stagnate until the validation of the FDA .. (or if not, stay steady and jump all at once..but I find it hard to believe this because everyone needs this medicine... I think it will go up like the moderna gradually) When do you think ?
Because as you say, it is a questino of "time" and not of "If"! Your comment on the TP is very fair and it worries me a little... I wish I wasn't too greedy. I have a big possition on Hgen too