MbII is trading in a bullish broadening wedge pattern, price action and volume within the flag seems bullish Quick day trade or swing trade possible here
Smaller name pharma stock. Definitely has the potential to be explosive. It appears we just break out of a triangle on major volume, finding support right now on top of the broken resistance. Super good R:R to long here and stop loss below the trend line. Initial target region is shown in the box. We're also sitting between the 0.618 and 0.764 log-fib retracements...
MBII came into our smart money scan as it had 26 million dollar worth insider purchase on 7th Feb. On the technical side it seems running within an upward channel & now heading to its upside resistance. We think it has a good chance to hit $1.43 shortly. * Trade Criteria * Date First Found- February 15, 2018 Pattern/Why- Momentum upward trade Entry Target...