Recent

% | $
Quotes you view appear here for quick access.

Peregrine Pharmaceuticals, Inc. Message Board

  • johnalterman johnalterman Jun 20, 2014 9:42 PM Flag

    Why Will PPHM Move Significantly Higher Next Week.

    First off I'm long on this stock, having bought my last position at the close so let me give you my thoughts. FYI please looks at my ISRG post, same thing happening here.

    1. PPHM for most of 2013 was consolidating in a very tight range in a compression trade that I like to make and subsequent move ran it up to $3.00+ earlier this year.

    2. Tuesday 3-04-14 we had nice volume creep in with the stock holding the highs at the break out point much like today. It was followed by a move to a high of $3.18 and I sold out on 3-05-14.

    3. Today Friday 6-20-14 we had the same daily pattern with a creep up of volume being contained by the forces behind the scenes. Towards the close I once again entered my last position.

    4. Daily chart has been inside a compression channel since April 2014 proprietary strategy. It has been making higher lows dated first on 4-15, 5-09, 5-22, 6-03 and lastly 6-16.

    5. 3 of those dates correspond with Fibonacci timing sequence. With the EMA having caught the pricing and held in check at the highs just like 3-04-14. Now we have to break two swing highs from 4-07-14 and 5-29-14, which will occur this coming week.

    Conclusion we a coiled Cobra ready to strike, the only questions is whether you will be in on the ride or left behind as it swallows and kills the bears. After all the poison is mightier then the horns.

    John...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
PPHM
0.39-0.01(-3.66%)Jun 24 4:00 PMEDT