Hi everyone. As we have seen the markets have been extremely red for the past few days. Even with that, this particular stock, PRTA, soared on Alzheimer related news. These news were not particular to the company; however, the stock did go up around 90%. We currently have a huge fap to fill. I don't mean to sound greedy, but my price target on this play is around...
PRTA: Prothena Corporation plc
2022-03-28 08:30:00
Prothena Announces FDA Clearance of IND for PRX012, a Subcutaneous Anti-Amyloid Beta Antibody Under Investigation for the Treatment of Alzheimer’s Disease
$PRTA late stage biotech firm. have higher low tightening price action since mid dec, closing above 10/20 and 200MA for the first time after a ATH peak to trough correction of -38% 3 months ago.
lucrative risk reward if this trades work
High tight flag chart pattern forms when a stock rises over 90% (preferably 100%) or more in two months, then consolidates sideways for 15-25 days with a decline of no more than 25%. When there's a breakout of the sideways 'flag' on high volume , the powerful uptrend often resumes.
The entry point is either as the stock breaks the high of the flag or breaks a...
1. Jefferies upgraded the stock to buy from neutral expecting a 100% upside to the stock.
Citing the ‘positive momentum and pipeline execution’ and rising investor attention, the analyst Michael Yee ups the price target to $30 from $15, nearly double its previous close.
Prothena’s pipeline has significantly expanded and improved.
The company’s early-stage...
As I look through the carnage that most US stock charts this morning here in Asia this one caught my eye. Two possible counts, one already calling a bottom (unlikely) and the other suggesting one more leg of weakness (slightly more possible?). The third option is that this company goes bust and heads to zero. I've added it to my watch list just in case.
An intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 13.22 - 13.42 as previously being back tested.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study,...
I have a small long position on PRTA: Price has now moved past an important resistance. I see a triple bottom and moving average compression. Let's see if it finally makes a nice move up.
PRTA broke out of longer term consolidation and after a quick run pulled back. It seems to start moving up again now. The moving averages are all sloped up nicely and volume expanded and contracted nicely. With earnings coming in after todays session this might be a nice earning play by buying some calls for limited downside risk.
