Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
FGEN A Biotechnology Penny running to earnings LONG
FibroGen, Inc
FGEN A Biotechnology Penny running to earnings LONG
By AwesomeAvani
Follow
Follow
Updated
Feb 15
2
Cheer
Cheer
Feb 12
FGEN has been uptrending for two weeks. In November's earnings it beat on revenue and
burned less cash than projected. Another earnings report is impending. On the 30 minute
chart, price has pumped 250%. The volume is okay but is not showing a rise and the price
volume trend is flat. This is an unusual pattern. The mass index indicator shows hints of
getting into the threshold and trigger zones. The dual TF RSI shows both low and high TF lines
in the 60s. I am inclined to watch this, the price rise without corresponding volume increases
seems to run against Wychoff theory. I will put it on a watch list. As a speculative penny
stock with no earnings I will leave it alone until I see increased volume and volatility at
earnings. Could there be some manipulation hidden behind the chart?
Feb 13
Comment
Sideways for now.
Feb 13
Trade closed: stop reached
Feb 15
Trade active
Chasing here and reopened the trade long.
FGEN
LABU
Oscillators
preearningplay
Trend Lines
volumeanalysis
Volume
XBI
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.