JohanRD
Long

PHARMING LONG term

EURONEXT:PHARM   PHARMING GROUP
Hello all,

Here another TA of me, this time on the stock PHARMING.

Its a very interesting company, i would advice you to dive in the fundamentals for further information. I will just show the possibilities with TA.
Before you choose to buy and hold a stock, always do your homework on the fundamentals. TA can help you by choosing a good moment and price to buy the stock.

PHARMING is fundamental a healthy company and one of a kind. If you are interested in a possible gem, please check out the fundamentals and see it for yourself.

From TA perspective, price is moving into a triangle/ flag pattern and 'soon' have to choose direction. Personaly I'm thinking it can go both ways.
But with stocks, and specialy the ones you want to hold for long term, you just have to check out the fundamentals.

I do not recommend this stock for daytrading, although there are possibilities. As you can see the jump earlier after the news of 5 people who have bin treated with their medicine, RUCONEST, pure doing analysis on the chart on this stock is a bit hard and tricky in my opinion. You just never know when there will be published some news what will effect the price big time.
Personally i do think the current price can be a good moment to start buying this stock for the LONG term. Buy and Hold.


This is just my view and opinion and in the end you always decide for yourself.

Don't ever go blind on someone else his vision, create one for your self!

Have fun and good luck trading. :)

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