AVEO is a biotech with a successful PIII result already. Their PIII was short, 2 years, and the FDA didn't like it even though there was a major win on progression free survival. We get an update in August how the extended PIII is going. To my reasoning, there is > 50% chance this PIII corrects whatever happened last time which appears to have been the result of a...
Where are hedge fund managers pricing their fibonacci's?
Fibonacci major resistance at 61.8% - good sign
RSI back to par
Stochastic crossover below lower threshold
MACD may swing back to crossover but need more information.
Resistance at 50d moving average
Using 1h chart because things are happening VERY QUICKLY on this stock.
The chart here really says it all. Tomorrow or next day, AVEO will decide. You can expect a high swing day. Trade as you wish, these are the cues for a little bullish swing.
End a swing if it breaks below $1.80 (IMO). Good target would be $2.10 in the short term.
This is a classic example of Wall Street outlasting retail investors.
They want ALL of your shares and will take AVEO down to .50cents if necessary .
No basis for this at all. Good news doesn't matter.
Once they get almost all of the shares then the share price will go up.
Aveo just reported results on recent clinical trials, after a positive result the stock still plummeted 20%. With such a low market cap are we seeing manipulation or panic?
Either way we are left with nice looking setup; bullish divergence on the RSI. It has not turned yet but premarket the stock is up over 6% so it should turn immediately.
Time to find out....
Medical stock that's too thinly traded got mixed review on clinical trial results on Tivozanib, which showed efficacy, just not to level expected and testing new low for 2018 at 2.03 and below full fibonacci retracement of 2.10 as prior low. NASDAQ:AVEO
so, in hindsight it looks like the trend was made obvious when the macd indicated an uptrend a few days ago and was confirmed by crossing over the 20 day moving average, and now i just need to figure out how to scan for stocks like that..
There is a huge list of insiders who purchased AVEO stock around $1.96 - $2.30 so they expect the stock will go up.
My concern is that when too many people expect to win, it doesn't usually go their way. But considering these people are insiders, maybe they know what they're doing.
We'll see the results in the future.