Prima BioMed ($PBMD): Price Action -Volume Mometum

Little fundamental recently, therefore, turning to technical levels here chasing 0.27 cent on the upside and only risking around 0.17 cents.

If prices were to accelerate to its downside, we can hit a bottom near the $1.50 mark, but it pushes most stops. Then, an Average Volume 3.954M indicates activity from an interested party. (God knows who)

Let's bet some genuine interest to the upside still exist and we can ride this one toward the $2.01 mark. Reviewing this chart one can think of another spectacular bullish rush, so as soon as you are in the money, as usual "tight" your stops.

Buy $PBMD @ 1.73 or better(cancel above $1.85)
Stop Loss: $1.56
Take Profit: $2.01
Once the trade moves in your favor make sure to use a tight stop, you are here to be a winner. Let's suggest the following, if your position is 0.10 cents in the money mover your stop 0.03 cents above your entry. Money and Risk Management are two most important skills to develop.

Helmets On!
Jose Ricaurte Jaen
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