Expcting $VSTM to go up to atleast $2.4 as with H&S pay as shown below. Long with Ave 1.88....
Seems like it reached the bottom of the Bollinger band and resistance of the trendline. Also, RSI is low enough. After a little possible drop, it is very likely to go up sharply for a couple of days.
Verastem, Inc., operating as Verastem Oncology, is a biopharmaceutical company focusing on developing and commercializing medicines to improve the survival and quality of life of cancer patients. It markets COPIKTRA™ (duvelisib), an oral inhibitor of phosphoinositide 3-kinase (PI3K) and dual inhibitor of PI3K-delta and PI3K-gamma, which is indicated for the...
Accumulation below 1.40 think this lasts another month of bouncing off 1.40. Can't ignore this setup as it looks similar to 2017. Long and will add. S/L below 1.16. Bio's can quickly turn down off dilution or study results so manage appropriately.
Bear Trend Reversal - Long term downtrend rejected with bullish RSI divergence on the weekly. These hops off a long-term bear trend reversals can be swift and powerful. I've played these before and won (DAN...TQQQ after '18 Christmas)..but I've also played these and lost (MAXR). I've previously played these directly on the instrument, but this time I'm playing...
Capitulation dump in progress / or completed, more to the upside than meets the downside. sell some puts, and make some money! NOT FINANCIAL ADVICE
2 consecutive daily hammers, and MACD positioned ready for strong breakout. ER Thursday. Watch for new candle to print above 1.47!
Note: This is not an investment advice but my opinion alone. Please feel free to comment. Its been just over 4 months when I first published my first chart on VSTM "VSTM Could go down even more". Price at the time was $4.24 where I said the downtrend wasn't over and it could end up going down. That seemed to have happened as predicted and the second publish...
Right now it is at a good support level if it holds and breaks out of this triangle should be a nice little run up .
+ Divergence on MACD from price . When it closes above 3.5 expect it to move fast. -Next ER coming up will be 3rd consecutive quarter of realized Revenue. Insider and Inst buying over last 6 months bodes well for Verastem.
Today VSTM made hammer after testing ~50% retracement on the daily- Elliot wave theory states that the completion of leg 1 (12345) will have between ~50-61.8% retracement from hi's, which comes out to being leg #2 on the daily chart (this is the ABC corrective wave shown in 15 min chart). The red arrow points to where e-Wave theory projects next big level of...
looks to be finishing ABC on 15 minute- check for daily chart (pt 2)