Indicators looking good as SIGA recently broke-out of descending triangle. See Chart. Last bull run lasted ~66 days = Sept 13th. SIGA Technologies, Inc. is a commercial-stage pharmaceutical company. www.siga.com Not financial advice.
SIGA appears to be ending the downtrend and had a recent volume print about 5X over the average and the highest volume print in over 3 years. Idea = September 17th calls @ $7.50 strike. NOTE = HIGH RISK TRADE!! Not financial advice. MORE: SIGA Technologies, Inc. is a US based commercial-stage pharmaceutical company It offers orally administered antiviral...
Description: SIGA is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position. Stats: 1. Ideal buy range: $7.3 - $7.5 2. Take profit: $8.32 3. Stop Loss: $7.22 4. Risk To Reward: 1 / 4 5. Accuracy Rating: 94%
SIGA: SIGA Technologies Inc. 2021-01-13 16:45:00 SIGA Announces Public Health Agency of Canada Contract Award to Purchase Up To Approximately $33 Million of Oral TPOXX®
All description on the chart. Please, don't forget to like and follow. Thank you.
Here is another #rectangle #pricepattern that reached its price target.
SIGA: SIGA Technologies Inc. 2020-04-29 16:30:10 SIGA Announces BARDA Exercise of Contract Options Valued at $101.3 Million for the Procurement of Oral TPOXX®
SIGA: SIGA Technologies Inc. 2020-04-03 10:15:10 SIGA Announces Award of First International Contract for Oral TPOXX® with Purchase by the Canadian Department of National Defence
SIGA: SIGA Technologies Inc. 2019-07-08 07:30:00 SIGA Awarded Department of Defense Contract to Develop Expanded Indication for TPOXX® as Post-Exposure Prophylactic for Smallpox
SIGA will most likely retest $8.50 in the next month or so. It will be interesting to see whether it retracts or blasts through resistance and continues its bullish uptrend. Calls or puts at $8.50 once the next short term trend is confirmed.
Still very new, this in all seriousness is paper trading in a way i can keep track of.. from the looks of this this is still strong but is way oversold and will have to go back down. if it stays above the support line it should be good to buy.. the top of the last candlestick does seem like a realistic goal tho.
SIGA breakou of base. picked up by www.breakoutbucket.com testing base screener