Potential Post Market Gainer - Neurosense Therapeutics (NRSN) To Trade!
$Neurosense Therapeutics Ltd(NRSN)$ release a news that it will report New Data From Randomized, Placebo-Controlled, Double-Blind Segment Of Phase 2b PARADIGM ALS Trial On 05 Dec.
My scanner has picked up this stock for some potential trading today (05 Dec).
In this article, I would like to share on the technical indicators to show why this stock might be worth to look into.
Technical Indicator - Simple Moving Average (SMA)
NRSN has just crossed the 50-day period yesterday (04 Dec), with the anticipated release of its trial. I believe it should be staying above the 50-day period for a while.
Technical Indicator - Average Directional Index (ADX)
ADX is currently between 20 and 40, but there is an uptrend movement, +DI is above -DI suggesting a bullish upside.
I would foresee that NRSN would be trading higher, but do watch out for some pullback in premarket and also in early hours of trading.
This might be a chance to take opportunity.
Technical Indicator - Relative Strength Index (RSI)
RSI is in overbought region suggesting that traders and investors are having good sentiment for this stock, there should be more LONG position and also increase buying activities happening today.
Summary
Based on what I have gathered, NRSN looks like a promising trade today(05 Dec) and I would be monitoring the price action for an entry point.
Do exercise caution as there might be some pullback, this is pretty common for therapeutics stocks.
Appreciate if you could share your thoughts in the comment section whether you think NRSN would continue its upside from after hours trading.
@TigerStars @Daily_Discussion @Tiger_Earnings @TigerWire appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.
Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
20+ times the average volume today. Heavily shorted and has good news. This is going to blow up that is why you would buy it.
$Neurosense Therapeutics Ltd(NRSN)$ no news yet. Relax please :)
To get in at the right price.
I think it’s still promising next week.
Pullbacks are good for accumulating.