🔸Hello traders, let's review the daily price chart for OMER today. We got strong ongoing accumulation in range since april 2022. Trading in well defined range and chart looks good. Range highs set near 5.8 usd and range lows set at 2.50 usd. Premium prices overhead at 7.50 usd and below at 1.80/2.00 usd. Currently trading near range highs, so naturally expecting short-term pullback into summer season. there is a liquidity gap at 12 usd, which will be targeted by the bulls later in 2023.
🔸Omeros is a Seattle-based biopharmaceutical company committed to discovering, developing, and commercializing small-molecule and protein therapeutics for large-market as well as orphan indications targeting inflammation, coagulopathies, and disorders of the central nervous system.
🔸Recommended strategy OMER bulls this is BUY/HOLD setup, so naturally will take more time. BUY/HOLD low near range lows / premium prices, best reload BULLS near 2.00 USD after the summer season pullback. TP bulls is 12 USD, which is an excellent risk/reward on buy side, over 500% gains possible in this trade. good luck traders!
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