Pharma giant will grow slowly but steadily in the next couple of weeks
IMO we may see 17800-17200 buy the end of this week, although the long term outlook for Bitcoin is Bullish. Please check my October 21st and Nov 26th Bitcoin analysis to have a better idea about what I’m talking about.
It is my technical view, not a comment on the fundamental..! I can make you confused you by a crowded messy chart, but I would rather simple effective presentations..!
11% gain with R/R:3.13, wait for it to get out..!
Wait for it to get out of consolidation..!
In the last 4 months, DXY has tested this level and each time bounced back. This time could be different because by moving side way it actually got out of the downward channel..! We should wait and see if it could get out of the box! Either side is possible.
This is not about fundamental, it is just about technical analysis! this company has only less than 290 million shares! now look at trade volume in the past 4 weeks! trade volume: 800 million, almost 2.7x of total company shares! gain 192% how far it could go? 11-30 USD could be the target if it is going to trade like this!
this penny stock could have a 50-100% profit potential! pure swing
it is not a typical flag, but it has just penetrated its downtrend line
R/R: 4.3, makes it a good trade for the next 3 weeks before the earning!
it could go up all the way up to 11.50..!this company has only 11.6 million shares and the average trading volume in the last 20 days was 7.3 million, it means the whole company has been traded more than 13 times in 20 days!!! which is fishy..!
The next target level could be 48-54, and this will happen soon!
1- Getting out of the downtrend of all time! 2- Obvious Cup and Handel pattern which is one of the most reliable money-making patterns in technical analysis! 3- Just close above 200 SMA in the weekly chart!!! 4- increased trading volume
Short term: Bearish engulfing and false break are not good signs for Bulls..! Intermediate: SMA 50 slope has just entered negative territory..! Long term: COVID cases soar like never before and very tough days are coming because of the election parties everywhere..! Another lockdown phase could happen soon! The Pfizer vaccine could immune 600-650 million by the...
if Baba could not hold this support level, there is a risk of going down to 240!
It is completely obvious that in the bullish trends Bitcoin miners can outperform Bitcoin by far..!
Price action to SMA 100 SMA 50 speed is about to cross up zero line! It just need to break the resistant line!