Here is the monthly chart of ORMP. They came out with bad news on their leading drug today. Looking at the chart the area that price stopped has been support historically. I bought in at 2.53 and will hold for a while. Exit around 4 seems to be a good trade based on previous data.
Not financial advise.
This could be interesting. I am sure there are numerous companies racing to see if they can get an oral version of a Covid vaccine out into the market and especially booster tablets.
Oramed focuses on making oral delivery solutions for drugs typically delivered via injection. Its current focuses are an oral insulin capsule to be used for the treatment of...
I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past...
I like the recent MACD cross and yesterday's candle testing the 9 ema only to close higher making a hammer candle. 11.74 appears to be resistance so I will be looking for a break of 11.74 for a long swing entry.
Target: 12.71 in the short term.
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...
Oramed Doses Patients Across Multiple Sites in Phase 3 Oral Insulin Study
Randomization of patients in the world's first Phase 3 oral insulin study conducted under FDA approved protocol
Announced today that randomization of patients in its first Phase 3 study of its oral insulin capsule ORMD-0801 for the treatment of type 2 diabetes (T2D) is under way. The study...
i have been watching this one up close and made a small long today, but still confused on the way it will play out, this is just on weekly support, quite bullish for short term but candles and pattern just makes me want a lower low, i guess i will hold until gets to yellow area and re-evaluate from there but if it goes to big support i will buy big time, GL
Shorting ORMP if it bounces to $14.50 and does not hold. If it does not get there looking to get short at prior LOD 13.88. Needs to get through the 100day ema at $13.30 for further downside. Next stop $12.00. Tight stop
ORMP has been on a crazy bull run. This past month it has run 433%. Since its peak from 2 weaks ago, ORMP has retraced 50% of its' move and is showing promise of going on another run after breaking its' pennant formation. During the pennant formation, volume declined, and then spiked on the brake out. This move is targeting anywhere from $35-45. In two days,...
