Lion Biotechnologies Inc (NASDAQ:LBIO) definitely broke the downtrend channel and closed above the 9 & 13 EMAs for the first time since mid-July. Looking at the daily technical indicators, the momentum oscillators have now turned higher and especially the Slow stochastic indicator has issued a buy signal. Plus, the MACD and CMF show increasing upward momentum on daily chart and rising volume inflow. If momentum continues as I expect next week, there are lot of profits left on the table for traders to capitalize on. The price can move up to $8/8.50 in the short-term. This stock is on High alert for Monday.
Lion Biotechnologies Inc (NASDAQ:LBIO)
Started by
Costa
, Aug 29 2015 05:56 AM
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#1
Posted 29 August 2015 - 05:56 AM
Costa
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