Adverum Biotechnologies, Inc.

On the above bi-Weekly chart price action has corrected over 90% since June 2020. A number of reasons now exist to be bullish , including:

1) A strong buy signal prints (not shown).
2) Regular bullish divergence . Multiple oscillators printing divergence.
3) Price action confirms support on past resistance.
4) Falling wedge breakout + backtest.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Stop loss: <= 50 cents

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Bình luận:

support confirmed

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GRM support confirmed.

Bình luận:

50% return so far. Hold until the resistance @ 7 dollars.

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GRM support confirmed three times now. More bullish than a bull on steroids running on a moving treadmill chasing a slow moving red flag.

Bình luận:

230% return so far? Time to sell... If only there was a way to tell.

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