Valhavmaar

PIRS: Pieris Pharmaceuticals setting up for a squeeze up

NASDAQ:PIRS   Pieris Pharmaceuticals, Inc
Using a blended candle approach, one can see that the sentiment for PIRS is setting up for a squeeze. The volume is contracting over the past few weeks since beginning of the year. Bollinger band is showing signs of a squeeze. ATR (14) is showing lowest volatility over the past 100 day period. The Blended candles offer summation of short term (20 day) and medium term (50 day) price action allowing for greater emphasis on underlying trends. The price action can be considered as "weak bearish" to " weak bullish" both neutral type movements. If this does not make a huge move up in next 5 days, I will exit the position. A downside could happen but setting a trailing stop can cap the losses should the trade go other direction. Good luck!
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