$OXB - Poised for 2nd Weekly Parabolic Run

Oxford Biomedica

2nd Base For 2nd Weekly Parabolic Run
Nearly Completed!

Current Darvas Box - 3 Weekly Candles, C: 9.36 25/09/17 | O: 9.50 09/10/17

2nd Base Darvas Box - 14 Weekly Candles, C: 8.75 18/09/17  | O: 9.85, 10/07/17

1st Parabolic Run

The 1st Parabolic Run at 3.79 on 05/12/17 yielded a total of 159.36% profits for investors  that ended at closing price of 9.72 on 03/07/2017  which then goes on sideways and currently on final weekly push to complete its second base (a 14-week candle Darvas Box at 8.75 / 9.85) for a possible 2nd Parabolic Run currently pegged at 11.13.

2nd Weekly Parabolic Resistance

The run-up towards the 2nd Weekly Parabolic resistance pegged at 11.13 is very tempting for possible 23.80% yield from this week's closing price at 9.00 forming a weekly bullish hammer - a good weekly buy signal for bulls to regain control and resume its long term trend beginning Monday.
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Potential 2nd Parabolic Run

The 2nd Base still is in the building/consolidation phase with bears currently are in partial control for 2 consecutive weeks but slowly weakening as it failed to breakdown and simply bounced twice from the 9.36 support on 25/09/17 with low volume.

A sudden break away from 9.85 will be a feast for momentum traders who are likely waiting for this buy signal with a potential run-up towards the monthly SMA100 pegged at 12.24 this week.

Exit Plan

However, be ready for a 14% fall should the bears manage to breakdown the 14-weeks Darvas box support pegged at  8.75.

Disclaimer: All information and insights posted here are based on Puhunan's learning experience as a newly converted TRADER with real stocks open and/or closed positions. This is not a paid PR-work for any personalities or articles linked here as references for the subject. Also this is not a recommendation or to hype any similar stocks but simply a trading journal for purposes of having the ability to access and review it online anywhere anytime. Puhunan takes no responsibilities to any losses you may incur by blindly following or copying any positions, strategies and/or practices you may find useful here.