Anyone had luck trading the FDA decisions? by looking up coming review dates from the FDA calendar
i noticed some amazing price action before the dates.
ACOR had a triangle breakout before the decision and when approval came, stock got a huge boost.
SLXP formed a little H&S bottom the day before big decision, trading was halted on the review day, but by the end of day the new drug was approved and stock opened with a huge gap next morning.
TH.TO also formed a symmetrical triangle, broke down but now FDA postponed the decision to 27th of July. Will the stock suffer and continue down?
what does anybody think about this sort of trading?
i noticed some amazing price action before the dates.
ACOR had a triangle breakout before the decision and when approval came, stock got a huge boost.
SLXP formed a little H&S bottom the day before big decision, trading was halted on the review day, but by the end of day the new drug was approved and stock opened with a huge gap next morning.
TH.TO also formed a symmetrical triangle, broke down but now FDA postponed the decision to 27th of July. Will the stock suffer and continue down?
what does anybody think about this sort of trading?
