BCRX t.a: Let’s start with the basics. In this analysis I’m go | Stock Market Analysis

BCRX t.a:
Let’s start with the basics.
In this analysis I’m going to focus on the daily chart, as you can see the RSI currently is at 51, and there is a nice support line at RSI 50.
MACD showing bullish signs, and we are above the 50 EMA. EMA 200 is in uptrend, all of these helping us to understand that currently BCRX is in an uptrend.
We have three clear short term supports (S1, S2 and S3) at 14.79, 14.29 and 13.00.
After a run from 3$ to 18$ in the past year, a consolidation happens at the 13-17$ range. Looks like the stock has broke out of the purple triangle, building up a small base above the 20 EMA (blue line). The red line is a small term resistance. Keep in mind that BioCryst is going to post earnings reports tomorrow before market open, so right now it can be a bit risky to enter into a position, but for a long term hold it looks like a good point to enter. Look at the past earnings you’ll see that BCRX is not letting down her investors.

(This post is only an opinion and made for learning, THIS IS NOT A TRADE ADVICE.)