I could see a nice bullish couple of weeks for this. a Trend break with a nice, slow bullish flag formed to create an upside down head and shoulders (red arrows)/ triple bottom within consolidation. This also formed the right shoulder of the larger upside down head and shoulders (light blue arrows.)
thanks guys! I agree with the $160 zone as well. We have Phase 2 and Phase 3 data that needs to be released yet. Haven't had the official announcement on the EU Deal yet, which is supposed to be 100k doses around 25/DOSE which would add 2.5B to their market cap. FDA approval, then finally sales of the vaccines in 2021. This stock shouldn't have a problem clearing $250+. I have a high Target of $300, but will probably sell all of my shares at $200 and look for a reentry, or play some options on the dips. :)
grosventre
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Nice Work!!!
Have been betting on a comeuppance to a $180's Double top, and now able to see $125 as a 3 week+/- target and explosive breakout on good news to the $160+ level and beyond. Like the chart, it clears things up a bit technically for me.
A failure may lead to the beginning...and $4 is a long way down.
Nonetheless, Im long and sweating a little, but continue to like the technicals over the fundamentals in support of a substantial move, before the fundamentals manifest.