Aug. 16 at 1:51 AM
$AVIR | Atea Pharmaceuticals | Healthcare 🧪
Bulls slamming the gas on
$AVIR as price violently slices through macro descending trendline resistance off the
$4.34 floor! 📈 Massive volume expansion taking out overhead supply right into the
$5.03 volume shelf ⚡
Fundamentals: Clinical-stage biopharma backed by a fortress balance sheet holding over
$500M in cash and short-term investments to fund Phase 3 pipeline catalysts.
Technicals: 8h chart printing a high-conviction trendline breakout and retest directly above primary volume profile demand 🎯 Reclaiming
$5.38 opens the floodgates for an expansion push toward
$6.44 and
$7.20 targets.
Bull Key Levels:
$5.03 🐂 🔥 | Confirm:
$5.38 🐂 🚀 | Extension:
$6.44 🐂 💥
Bear Key Levels:
$4.70 🐻 ⚠️ | Confirm:
$4.34 🐻 📉 | Extension:
$3.80 🐻 🚨
Stop Loss:
$4.85 🛑
Targets:
$6.44 /
$7.20 💰 🍺
OVERALL: BULLISH
#hovdid
