EPIX - Biotech Pre-earnings Run LONG
EPIX on the 15-minute chart shows a solid trend up with a set of moving averages as the
guardrails now in a bit of a pullback. The after-hours price action will not appear on the chart
but price jumped 5%. Earnings are anticipated for 2/8 or 2/9 as best as I can tell. Internet
search information is not consistent. So, if tomorrow this is still pre-earnings but price popped
5% overnight, I will take a small long position. If the price is still pulled back to the slowest
moving average, I will take a larger position. No matter I will assess it on a 3-5 minute time
frame and recheck internet information regarding an earnings report. One news catalyst is that
Secretary of Defense has been in and out of the hospital ( DC VAMC) with prostate cancer
and maybe currently getting treatment in a clinical trial of an EPIX drug per the NIH
in Bethesda. Biotech is forecasted to be one of the hottest sectors for 2024. EPIX has
a trend up that impresses me. I will go long on this when I find a best entry and possibly in the
next trading session. The options chain is minimal volume as so represents a liquidity trap.
I will not go there.
guardrails now in a bit of a pullback. The after-hours price action will not appear on the chart
but price jumped 5%. Earnings are anticipated for 2/8 or 2/9 as best as I can tell. Internet
search information is not consistent. So, if tomorrow this is still pre-earnings but price popped
5% overnight, I will take a small long position. If the price is still pulled back to the slowest
moving average, I will take a larger position. No matter I will assess it on a 3-5 minute time
frame and recheck internet information regarding an earnings report. One news catalyst is that
Secretary of Defense has been in and out of the hospital ( DC VAMC) with prostate cancer
and maybe currently getting treatment in a clinical trial of an EPIX drug per the NIH
in Bethesda. Biotech is forecasted to be one of the hottest sectors for 2024. EPIX has
a trend up that impresses me. I will go long on this when I find a best entry and possibly in the
next trading session. The options chain is minimal volume as so represents a liquidity trap.
I will not go there.
Dagangan aktif:
Green Doji and two consecutive green candles in the post-market. Did an add.
Dagangan aktif:
In and out of EPIX as shown on this chart- i am content with the profits afforded
the swing trades with minimal time and effort using alerts and notifications to pick
the bottoms and tops, Will continue until the volatility compresses and then move a watchlist of medical penny stocks for the next earnings.
the swing trades with minimal time and effort using alerts and notifications to pick
the bottoms and tops, Will continue until the volatility compresses and then move a watchlist of medical penny stocks for the next earnings.