Daily price candle reversal to the upside on a 3X daily average volume (due to a large 2M buy order at 12:10pm EST) at major demand zone $3.20 - $3.37.
Double digit y-o-y revenue growth, improving quarterly earnings (EPS loss decreasing), EPS to turn positive by end 2024 or early 2025. Next catalyst is the Q3 earnings release in early Nov.
Related sector is...
There might be a " head and shoulders " pattern.
Otherwise, buying may be possible when the stochastic indicator or MACD indicator forms a golden cross .
The MACD recentlty crossed and both the short and long term force index turned positive.
The 8/11 candle broke above resistance and closed there, taking out the 1 Fibonacci level while doing so. Despite the long upper wick on 8/11, the 8/12 candle closed above the prior close and also closed above the descending trend line.
Targeting: $2.61, $3.11
(1/5) To highlight my point in the previous $VIVO post, here are 5 other charts in the Biotech sector that have shown relative strength lately. Don't get me wrong, the market is still on a downtrend, but should we reverse and start a new uptrend, this sector may potentially be the next one to lead a new bull market.
Preferred Stock
The Company is currently authorized to issue up to 10 million shares of preferred stock, $0.0001, par value per share. There were no shares of preferred stock outstanding at September 30, 2021 and December 31, 2020.
Common Stock
As of September 30, 2021 and December 31, 2020, the Company was authorized to issue 300,000,000 and 150,000,000...
SEC.gov The Company believes that a debt refinancing and expansion of its current debt facility, combined with the proceeds received from the foregoing public offering further discussed in Note 14, will be sufficient to fund its operations into the first quarter of 2024, at which time the Company believes its operations will be cash-flow positive. The Company is...
All,
Just look at larger timeframes and price targets + last two EPS. I'm going in with 5% stop loss here. No reason not to. Undervalued, float is mediocre nothing great, but absolutely worth a stab here.
Hi there. Price is forming a big reversal pattern to change its direction. Also is close to 0 value which is a very good sign. Watch strong price action at the current levels for buy.
Hook Reversal
Trendline break
WR% crossed -80
Entry 1.5
Stop 1.3
Target 2.4
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
I created some tradingview scripts to improve my trading entries:
OBV and...
The company's stock is in the consolidation stage strongly
The stock is now buy
I do not recommend Stop Loss because you will be taken out by the market makers
I cannot say more details about my strategy as it is very confidential
ADMA is hovering around the 50 retracements with a lot of sell orders on the books probably from people trying to get out at 1.90. Buy orders look good though in the face of this massive sell-off. This is was after news dropped that analysts saw the price between 6 and 11 dollars. Although ADMA has been struggling to turn a profit most of these reasons have been...
great dip entry here on ADMA, not a fast mover but its good risk reward if we add some shares on this dip... with stop loss under support of course! goodluck traders, dont forget to like,follow <3
