Adamis Pharmaceuticals Corp. is a biopharmaceutical company, which engages in the discovery, development, and sale of pharmaceutical, specialty biopharmaceutical, and other drug products. The company provides products in various therapeutic areas, including allergy, respiratory, opioid overdose, and erectile dysfunction markets. It offers the SYMJEPI...
Adamis Pharmaceuticals Corp (NASDAQ:ADMP) Watch Monday's action for a possible breakout over $1.15 PDUFA is coming up soon so I wouldn't wait too long to jump aboard. Plus, ADMP is on the list of the Most Bought by Activist Hedge Funds.
There is a little candle light but much more volume is needed to take a position
I wish you good profit!
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EMA 9 has crossed the EMA 21 with a closing of a green candle above the both EMA's, and formation of an ascending triangle has been formed. Large amounts of volume to indicate that trend will continue to increase in a bullish fashion. Just my inexperience 2 cents.
ADMP seems running within a long-term downward channel. It had 4 touches in the top channel line & two powerful run from the bottom with strong twiggs money flow divergence. We think it has strong upside potential.
* Trade Criteria *
Date First Found- April 18, 2018
Pattern/Why- Downward Channel breakout Long
Entry Criteria- $4.07
Exit Criteria- $5.43
Incredible volume today after a breakout of its resistance. Is one we have been watching since it appeared on our Fallen Angels scan in June. Our entry signal from class was a break of the 9 and 20 moving average and as that occurred today the stock SOARED. Lots of upside potential with close to 4:1 Reward to Risk Ratio or more.
Perfect fallen angel pattern. Has upward momentum, just crossed MA 20 & money-flow is rising. We think it will rise up to 4.5 or higher.
You can check our detailed analysis on ADMP in the trading room/ Executive summery link here-
Time Span: 48.30”
Trade Suggestion Date: 5TH Jul
Trade Status: open (6th Jul)