Photocure $PHO.OL breakout watch on strong Cysview expectations

Photocure $PHO.OL approaching relevant resistance levels and a breakout to the upside could easily be triggered as the market cap of the company is still low.

Recent Edison analysis quote:

"Phenomenal US growth
Q418 sales in the US increased 81% to NOK18.4m and are up 50% over the course of 2018 with a clear acceleration in the second half of the year. Unit sales increased 69% during the quarter and are up 45% for the year. The total installed base of blue light cystoscopes (both rigid and flexible) increased to 157, up 51% from 104 at the beginning of 2018."

https://www.edisongroup.com/publication/rapid-acceleration-in-the-us-market/

การซื้อขายยังคงดำเนินอยู่:

Uptick in trading volume in PHO tuesday, with the share pricing staying above the NOK 48 resistance/support level.

RSI moving into overbought territory.

New press release today:
news.cision.com...exvix-,c2800300?utm_source...

การซื้อขายยังคงดำเนินอยู่:

Biotech is always going to remain biotech, with all sorts of trading ongoing before Q1, but the idea is still very much active.

การซื้อขายยังคงดำเนินอยู่:

Photocure stock still warrants that investors could stay long, given strong fundamental news both regarding Cysview and Cevira.

Key support level of NOK 40 was tested last week, but never breached.

ปิดการเทรด ด้วยตนเอง:

This trade can be cancelled at this point with a nice result, though it must be noted that a new breakout watch should be initiated.