3rd gainer in March is NASDAQ:HRMY . Holding period is 18 days (3/2/23-3/20/23). Account is up 1%.
This month till today, my account is up 3%
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
$HRMY looks like a dragon 🐉 setup :)
Again, not planning on taking trades early in the day. Need to see traction in my own portfolio.
And frankly, i would have rather bought this on 11/01 coming through that pivot.
Notes:
* Steady up trend on all time frames
* Okay earnings track record
* Trying to break above historical resistance of the ~52.8 area
* Pulled back to the 50 day line
* Printed a bullish outside day in the last session
* Earnings report reaction sold off to the 50 day but bounce from there indicating demand around the $50.34 area
Technicals:
Sector:...
$HRMY pulling back into previous breakout levels in a bull flag fashion.
Focus for upcoming week to see how this evolves.
Been watching this one for a while but never setup to my liking. We might get a shot at this in the coming days and I would like to get onboard.
$HRMY is a relatively new company in the biotech space and has held up incredibly well since it's IPO in 2020, forming a nice 2 year base. Price is currently sat just under $54 above which are clear skies. The weekly chart shows an up/down ratio of over 2, suggesting significant institutional accumulation
IPO intraday trading strategy idea
Harmony Biosciences is advancing the development and commercialization of narcolepsy and related treatments.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened...
