2use
Long

Omeros consolidates at strong resistance

NASDAQ:OMER   OMEROS CORP
While trading within a well defined trend, touching the resistance of the trend the stock rushed down and currently consolidates with a low change (compared to the previous 2 day selloff) at a strong resistance point. Should resistance hold, it is possible to break up to 19. As Vince noted, once it broke off the 14 range, it went straight up to 18. Yet still, the price may go lower to the trend support at around 11.
KennethJoenck
2 years ago
There are stronger supports than that. Not resistance, but support. This might go to 14$
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2use KennethJoenck
2 years ago
Well, it bumped quite close to the outlined supports and resistance (indeed around 14). If it breaks support - its a sell candidate, but above the support it is a buy candidate (given markets are in bull trend)
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