Biotechnology
Why MSTX may not rise until at least 10/3With Section 8 Rules, I don't expect the shares to fall much lower than they already have. But, with Fib Time Trend, it looks like shares may not rise until at least Oct 3, maybe early next week? But with the possibility of being removed if shares fall to 6, I can't imagine them falling much more than another penny or so to around 9 before taking off. What say ye?
GNCA for 6,15$This is for a special friend of mine, scully, here you see the trigger of 23.6 4.93$. Next target 6.15$, 6.39$ :)))))))))))))))))))))))
What to do with Novavax nowElliot wave suggests downward momentum for the past two years, and yesterday NVAX investors got their hearts crushed. Where can it go from here? Based on yesterdays market activity, I see it headed towards the 1.618 retracement regardless of upward or doward movement. so, if it heads further south we could see high 80s but under a dollar, and if demand increases it would head towards about 2.08. So in other words, it could lose about, say 30-40 more cents but has the potential to rise close to double that at 2.08. In fact, I'd say it's likely to rise to about 2 to stay within LT S/R/. Let me know your thoughts!
Why I MAY buy the bell for NVAXWell, let's take a look at Galena. (short-term)
Come to your own conclusion :)
Ar you bullish on Gilead?There is no doubt, this is a stable downtrend since 2015 and it's easy to see further lows this year.
But I think the 3point extension is working with no further lows below 77,92$. Either traders are waiting for stepping above 82,93$ or go in risks now.
LABD Direxion Daily S&P Biotech Bear 3x Shares As soon as the red solid channel breaks. it's time to party.
www.zacks.com
$ONTX (Onconova Therapeutics) Triple BottomONTX Triple Bottom with increasing volume. I'm looking to be moderately conservative on this buy; the 38.2% Fibonacci level will act as a nice price target for this bullish play.
Viewing this chart, one can see that ONTX has been unable to sustain its gains above the 50% fibline, so you may be able to sell at that point, but as a low float stock anything can happen - it's better to be cautious and take gains in my opinion.
Thank you for viewing my analysis on ONTX! Please like or follow if you like my analyses, or if you have any questions you can contact me anytime.
IBB BIOTECHRECENTLY most of the biotech companies are doing bad but somehow this ETF is going up. I saw weakness in technical analysis of monthly charts but weekly and daily needs to go down before shorting. Think this IBB bull will be ashort lived and once broken it will be a free fall zone. Leap options for short side will be a good bet. Don't go short yet but a good candidate for follow up.
XBI global rout imminentThere's major global pull back, Biotechnology will scale back, but not as much as SP500 and DOW.
You should hedge properly, VIX will be back soon.
*Election year is Biotech Year*
REGN to recover on strong fundamentals?The uptrend for regn looks strong at the moment with the rsi above the 0 line but do be careful in the weeks leading up to earnings release. personally, i am long atm but that may change if I can buy it back at a lower price.
IBB ShortBioTech looks to be topping out. Bearish RSI divergence signalling potential top. FIb levels for potential reversal points included.
interesting relationship between insy and wllim not going to add more oil companies because this is based on my personal stock picks atm. Just take a look at that price action
bullish on REGNREGN could head north of 400 post earnings, time to get in is between now @ 358.50 and a low of around 320
IBB Bright future for biotech industry?Bio tech industries are supposed to have a bright future. Technical analysis also supports this view.
IBB is hitting almost 52-week low with very strong support in place since early 2010s.
Careful for structure and 0.2 Fib (0.3 short term) at 278-279.
GL
INO bullish but in Stealth modescaling in biotech,$ ino looking very bullish but very selectively stealth like as in its under the radar and they trying to keep it that way.
Bullish position on LABUI believe LABU is at great support zone, soon we'll see it getting to 0.236 resistance zone, which will be 30.86
BIOTECH sector on situation!Either going to bounve, or brake nasty... I think it's going to bounce and then die. Look for neg divergences to short later...
pennies to thousands cadidatewatch for 200 day
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