NBRV beats the street twice in a row and a hidden consolidation?

18 ביוני 2020

Key fundamentals:

• ATM sale of 41,445,373 ordinary shares at an average price of .91686c with Fidelity Management & Research Company, LLC on May 29, 2020.
  
• Stock skyrocketed from .73c to $1.19
  
• reported an EPS beat 0.04 for period ending Dec, 2019 in March 12, 2020.
  
• reported another EPS beat by 6.85% in May 11, 2020.
  
• Current Float of 99.11M.
  
• 23% institutional ownership (don't be confident on these ones).
  

Potential Catalysts:

• CONTEMPO P3 data is due in June 19, 2020 but expect some delays.
  
• Another earning surprise?
  
  

Using the daily charts sometimes misleads you and using the 4H charts can reveal some hidden patterns such as a consolidation. At the beginning you would think today that your entry might be too high if you look at 1D data from today.

1D


But if you zoom in on a specific period, 4H reveals that this stock typically forms a huge swings at a certain range such as the first box below.

4H


And if we do the same process as above from the first breakout then we are beginning to see the same pattern.



Disclosure:

I've initiated a trade at .86c based on the data and technical analysis above and I will add more if it hits the bottom consolidation area of my thesis.

24 ביוני 2020

הערה

Looks like she is definitely following the channel that I have drawn.

25 ביולי 2020

עסקה פעילה

Long: 2,400
Average Price: .7459
Cost Basis: $1790

I sold 500 NBRV @ 0.91 on July 18 and used the proceeds to add a little more in MGEN which worked well.