Mereo BioPharma Group PLC is a multi-asset, clinical-stage biopharmaceutical company. It is focused on the development and commercialization of therapeutics that aim to improve outcomes for oncology and rare diseases. Its oncology product candidate is etigilimab, for patients with solid tumors. Some of the other products in the pipeline are setrusumab, alvelestat,...
This is not a financial advice!
Vol . is slowly increasing
SL under 1.10 or if u want more risk under 0.9
TP 1.8 to 2.0
Most info on the chart.
Trade carefully!
^ Key Words: I'm kicking us off with my pick, which is Mereo Biopharma. Now the stock was actually popping today on an article in "The Times" that says AstraZeneca is putting in a bid for the company. As you can see there, the stock up 73% there. And AstraZeneca also getting a slight boost as well.
Now Mereo is a London-based US-listed company that specializes in...
Long with a small position established. Financials are looking good to 2025 with enough cash to meet demands of trials. Leading up to the osteogenesis imperfecta results was large cluster insider buying along with sentiment from CEO at interviews leading up to results being extremely positive. Volume pick up and bullish engulfing on the weekly looking to move off...
MREO after forming an inverted head and shoulders on the weekly chart, the price just broke the neckline and triggered a long trade.
Approximate target between 7 and 8.
Trade safe.
MERO:
A very, very interesting stock that jumped on the scanner (as a potential short squeeze stock)
Its data:
ID: (You can see a lots of insider and institutional deals)
finviz.com
Significant events in the near future (positive / negative catalysts):
finance.yahoo.com
Analyst Price Target on MREO :
www.tipranks.com
If we break the 4.79 we can see a violent...
i can see 3 different patterns to push her higher
1) this flag i just drew out looks great looking for a break of $4.15
2) fill up a cup and handle, look at PD's chart, makes a U shape
3) inverse head and shoulders
all of these make sense for it to go to abt $6
after that and a cool off next leg would be to $10
bonus 4) the moving averages r in great spots
MREO is a good company off the bat
to fill the cup is a %100 move and after the cup $10 is very reasonable after the handle
could have catalysts in the mean time $10 conservative pt
this is a swing trade
MACD looks great as well
Bullish Flag
Pros:
Descending Volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 4
200MA ascending
Cons:
250RSI below 50
Target:
PT = 5.89$
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Caught this one on Friday. Looks like a decent setup to pull back and add for a final wave 5 on the hourly. If the pullback is accomplished, then equal legs target will be around 5 dollar range. If 3.88 fails, then this setup is invalidated.
MREO: Mereo BioPharma Group plc
2020-10-19 07:00:10
Mereo BioPharma Announces FDA Clearance to Proceed into a Phase 1b/2 study for Etigilimab (Anti-TIGIT)
