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Mean reversion for BLRXBLRX dumped over 40% yesterday on dilution news, an overreaction from the market imo. Bought the bottom around $0.15 which is way undervalued for what the company has in the pipeline. Company is now cash healthy for a while with $10 million for research. It's trading at $1,49 on the TASE - so heavy arbitrage opportunity for market makers here. Next to that, it has a buy rating and target for $9.00/share - that was pre-dilution, so you know what, let's cut that in half to $4.50 - works for me too. Buying the blood and targeting a 100 to 500% move for mean reversion.
NASDAQ:BLRXLong
by cryptobullethbtcxlm
1
BLRX Weekly Analysis: Falling Wedge + Monthly Bullish DivergenceAnalyzing BLRX on the weekly timeframe, the stock is showing a classic falling wedge pattern, a bullish reversal formation. • Key Support: Holding strong at the $.40 level. • Target: $1.00 +, Near strong resistance level. SL: $.35 & $.31 Why This Chart is Interesting: 1. Bullish Divergence: Monthly timeframe shows momentum weakening on the downside. Oscillator divergence signal a possible trend reversal. 2. Volume Decline: Typical of a falling wedge, volume is decreasing, signaling accumulation before a potential breakout. Watch for: • Breakout Confirmation: Close above the descending trendline with strong volume. Let me know your thoughts—bullish or bearish? Are you watching this potential move? 🚀 #BLRX #TechnicalAnalysis #StockMarket
NASDAQ:BLRXLong
by NastyPipz
6
$BLRX is gonna fall todayPupm&Dump trading strategy idea. $BLRX is rising too much today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $3,66; stop-loss — $3,82; take-profit — $3,36. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:BLRXShort
by KozakHlib
BLRX 2/7/2020Analysis: Daily chart, initially price was in sideways range for 225 days between 1.17 - 2.34 areas. Price has since broke out of that range and has been bouncing between 2.34 - 3.07 areas. 2.34 price was resistance turned support area. Price has also been above & steadily supported by 200 MA, signaling the possibility of the start of an uptrend. We also have a golden cross on 12/15/2020 further signaling the bull strength in the market. In overall daily view, new price range of 2.34-3.07 has created an extended range for previous sideways market making it an overall sideways market of 519 days. Currently, the price has broken out of the 519 day sideways trend. Another indication the bull strength is really strong here. Will zoom into the 1hr chart to see if we have a trade entry. 1HR chart- Looking at the chart in the hourly, we can see the obvious support level @ 2.34 & resistance @ 3.07 with a few over extensions most likely due to false breakout. On 1/28/2020 price made a move to resistance and bounced off but was caught by the 10ma. Price made a series of higher highs/lows into resistance of 3.07 until breakout. Price has since created a series of higher lows into new resistance level of 3.31. Price broke above 3.31 with a pullback turning resistance 3.31 into support. This is my entry signal. Buy @ 3.48 with Stop Loss of 3.17(-8.78%). Initial price target of 5.50 but will take into consideration support/resistance levels and MA respected along the way for a possible trailing StopLoss as well. If stopped out of trade, will keep eye on price in case it bounces off 3.07. Entry: 3.48 Stop Loss: 3.17 Initial Target: 5.50
NASDAQ:BLRXLong
by CeladillaAndSons
4
$BLRX is gonna fall todayPupm&Dump trading strategy idea. $BLRX is rising without clear preconditions today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $4,39; stop-loss — $4,69; take-profit — $3,79; Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:BLRXShort
by KozakHlib
1
$BLRX is gonna to fall todayPupm&Dump trading strategy idea. $BLRX is rising without clear preconditions today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $2,04; stop-loss — $2,60; take-profit — $1,48; Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:BLRXShort
by KozakHlib