BMRN Stochastic Divergence Trend Line BounceBiomarin Pharmaceutical (BMRN) is in a huge triangle pattern with double bottom stochastic divergence on trend line support. I highlighted recent divergences and you can see the kind of move this stock makes off of the signal.
Be patient, and get in on the way up.
Buy: 84.23
Target: 86.49 - 90.14 (2.69 - 7.02%)
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1BMRN trade ideas
BMRM - Interesting, but WAIT & SEEThe candles keep side way and flat due to the uncertainty whether or not FDA will approve a drug, Kyndrisa, If Kyndrisa is not approved, it will negatively impact BioMarin’s share price. However, if it is approved, Kyndrisa will result in high profits for the company.
So wait and see.