speculation, a neutral to slightly long posture is present. Fundamentals appear to be driving this asset currently. Slow steady growth is more probable than decline IMO. Investor sentiment overall will be a driving factor for immediate swings in the short term. (Holidays, election, New years,
Pupm&Dump trading strategy idea.
$BLRX is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,04;
stop-loss — $2,60;
take-profit — $1,48;
Do not view this idea as a recommendation for trading or...
BLRX had a strong rally today and it's just getting started.
In the related idea my price target was $1.34.
Today's high was $1.78
Check out the weekly chart:
$1.34 was 1.618 extension level from Waves 1 & 2.
Since the price-action broke $1.34 we will have an extended 3rd wave.
I expect a very strong...
BLRX chart is looking pretty prone for a breakout.
BLRX has been undergoing consolidation and it appears to be ready to go higher
BB and Keltner Channel Squeeze
Price and Volume Trend during consolidation
Positive Volume Index
BL-8040 is a novel, short peptide that functions as a high-affinity antagonist for CXCR4, which BioLineRx is developing for the treatment of solid tumors, acute myeloid leukemia, or AML, and stem-cell mobilization for bone-marrow transplantation.
In January 2016, BioLineRx entered into a collaboration with MSD, known as ...