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Of course loving what I am seeing!!!
My guess is that we see this burst up and then some kind of a pause as the 10-20-50 EMAs climb back up the 250 EMA. Would not be surprised if we get another test of price back down to the 250 EMA. It's all good!!! We are finally moving higher...WEEEEEEE!
Go AVCO!!!
AVCO closed at 1.55 in Afterhours.. What are your thoughts here my friend?
That is true and candles only have meaning for trading, swing trading and scalping.. Not for investing.. I hear ya $$$
Ha! I've been around and worked with candlestick patterns a long time my friend. Nice to be aware of them but I don't dig my foundation into them. Main thing for me today is can price continue to stay above the 250 EMA?? We shall see...
Im a little more awake now. I am seeing a green hammer at the top of the uptrend. Now, I am long, and am not trading this stock of course... But I never like to see that green candle at the "top" of a trend, of course we had a green hammer 2 days ago, and we gapped up lol. So sometimes the technical's ignore logic. I am expecting we are about to get news here very soon
Yes, am seeing... still trying to wake up lol.
Notice how this morning price action so far went down and tested the 250 EMA and has bounced back up!! Like what I am starting to see so far today!! Will see by the end of the day where we are at...
We closed above the 250 EMA... and not only that, we closed at 1.53 after hours... This could be it.. news coming soon maybe
BRO, we closed above the 200 day MA, AND the 250 day EMA. WOW... First time since August... Im blown away.. Volume precedes price
Yay!!! 1.45 That would clear us by quite abit from the 1.41 line.... Outstanding...
Hello my friend...yes I am watching!
Actually for me when we CLOSE above your 250 EMA is when in my book we will be through resistance and heading higher. Really like what I am seeing!!
Merry Christmas bro... Check this, we have pierced the major resistance area. https://www.marketscreener.com/quote/stock/AVALON-GLOBOCARE-CORP-47006665/charts/#
Are you watching this today? WOW
We are still trading over the 50 day MA, and that is a good sign. A good article came out on the 28th.. Check it out.
https://emerginggrowth.com/mass-distribution-deal-signed-as-market-heats-up-over-covid-19-rapid-tests/
Yea, I have to say, the market is dumping and my port has been way up last week, and again today. AVCO hit 1.30 today, and did gap up to 1.27 from 1.24 close on Friday. Thats what stockcharts is showing??
Important day here for AVCO...can we push higher after just closing above the 50 day EMA?? A gap up opening would be ideal..will see.
YES!!!! We certainly did!!
We closed over the 50 EMA today!! It's a start!!
Have a great weekend!!
Yea, something was going on yesterday. we have very light resistance at 1.23 and then the next stop is major resistance at 1.47
Cheers! Aint see ya in awhile... Happy New years!
Morning!! Yup, I am in no rush. Still excited about things to come with this gem
Watching AVCO very closely... Someone was buying up a lot of shares yesterday. On Balance Volume starting to head up again. Looking for a convincing breakout above 1.20. Wait and see...
Hello Vipyr...all good here! Real simple...AVCO has GOT to close convincingly above the 50 EMA before I get fired up. That would be a start. Then then then....need it to close up above the 250 EMA. That's where I will be adding.
Thought it would close above the 50 EMA today but has come way off. Surprised as we have great volume today. Still has time...will see.
Thanks for sharing the article...AVCO will happen...just a matter of when.
Nobody posted this info. Came out Jan 15th.
https://emerginggrowth.com/stocks-involved-in-covid-19-testing-could-be-the-all-out-winners/
Another solid player in the COVID-19 test kit market is Avalon GloboCare (NASDAQ: AVCO) who recently partnered with Adial Pharmaceuticals (NASDAQ: ADIL) announcing a Strategic Collaboration for Global Distribution of COVID-19 Point-of-Care Antibody Rapid Test Devices.
Adial has granted Avalon non-exclusive, sub-distribution rights worldwide. As a result of the FDA’s EUA, fingerstick blood samples can now be utilized with the FaStep COVID-19 IgG/IgM Rapid Test Device for the test in POC settings, including doctors’ offices, hospitals, urgent care centers, emergency rooms, or other locations where there is a licensed healthcare professional. The FaStep COVID-19 IgG/IgM Rapid Test Devices are lateral flow assay, 10-minute, ‘instant,’ POC test devices for the qualitative detection of lgG and lgM antibodies specific to SARS-CoV-2 virus in fingerstick whole blood, venous whole blood, serum, and plasma. During testing, the specimen reacts with antigen coated particles in the test cassette after droplets of blood from the subject are placed on the cassette’s coated membrane.
“We believe there is significant market potential for these differentiated test kits, as these tests are able to detect IgG antibodies at a 98.6% accuracy and IgM antibodies at a 92.9% accuracy and provide results within 10-minutes,” said David Jin, M.D., Ph.D., President and Chief Executive Officer of Avalon. “Our goal is to leverage our international distribution network and channel partners to bring the product to market globally.”
Google Ads
Avalon GloboCare Corp. (NASDAQ: AVCO) is a clinical-stage, vertically integrated, leading CellTech bio-developer dedicated to advancing and empowering innovative, transformative immune effector cell therapy, exosome technology, as well as COVID-19 related diagnostics and therapeutics. Avalon also provides strategic advisory and outsourcing services to facilitate and enhance its clients’ growth and development, as well as competitiveness in healthcare and CellTech industry markets. Through its subsidiary structure with unique integration of verticals from innovative R&D to automated bioproduction and accelerated clinical development, Avalon is establishing a leading role in the fields of cellular immunotherapy (including CAR-T/NK), exosome technology (ACTEX™), and regenerative therapeutics.
In the December 2020 issue of Nature’s Biopharma Dealmakers, Avalon’s President and CEO, David Jin, M.D., Ph.D., highlighted Avalon’s ongoing scientific and clinical developments including a first-in-human trial of a mucosal, intranasal vaccine against SARS-CoV-2 that is planned for early 2021. Dr. Jin also described the company’s innovative, allogeneic mesenchymal stromal cell (MSC) therapy candidate, CB-MSC-1, which possess unique anti-inflammatory and immunomodulatory activities, as well as AVA-001, Avalon’s third-generation CAR T cell therapy that has shown robust activity in patients with relapsed, refractory B cell acute lymphoblastic leukemia in a Phase 1 trial (Avalon feature in Biopharma Dealmakers).
“We are excited and motivated to join forces with the researchers at BOKU to drive innovation. We have already begun a collaboration on the mucosal SARS-CoV-2 vaccine and are moving quickly to establish additional joint research endeavors to bring about innovative technologies and new medicines to patients,” said Dr. Jin.
Avalon GloboCare, is a young, $100 million market cap company that has arguably some of the brightest minds in cell-based technology with lots of shots on goal when it comes to battling the COVID-19 pandemic including an FDA EUA approved rapid test kit, an intranasal vaccine, and a blood filtration system that is used to fight the cytokine storm in not only COVID-19 but certain cancers as well.
Avalon has a competitive advantage with their “S-Layer” technology in a vaccine market that is expected to grow to approximately 93.billion by 2026 according to Forbes business . This small cap biotechnology company is working towards the goal of changing the way we fight the devastating affects of diseases that relentlessly attack our immune systems by using our own bodies against us. In the first quarter of 2020, Avalon GloboCare successfully completed a phase 1 first-in-human clinical study of AVA-001 in China for the treatment of relapsed refractory B cell acute lymphoblastic leukemia (R/R B-ALL). 90% of R/R B-ALL patients achieved complete remission with one dose and within one month of treatment, and then proceeded to a curative-intent allogeneic bone marrow transplant. With more upcoming catalysts in Q4 2020 and early 2021, it is safe to say that there is a large potential upside in AVCO’s stock that currently trades at only $1.17. The company has been well capitalized to date and has very clean cap table relative to its industry peers making it an attractive investment.
Whats going on Tripster? Hows life? AVCO I feel is nearing blastoff very soon. I am locked and loaded. Funny thing, is I will not sell any until over $2 still. And then only 1/4 Hows life??
Could be could be! I actually picked up a few hundred more shares down in the basement at 1.12 last week. I have so many shares of AVCO now, but its hard to resist when its down here.. again like finding free money $
Making some progress here. Even though we are well off the highs so far of the day we are above the 20 EMA. Next goal is to close above the 50 EMA at around 1.19. Could this be the start of the climb back up and beyond? Will see...
Also just got an alert that AVCO crossed over its 20 day average volume..
Absolutely my friend! Merry Christmas to you as well! And yes I like to use the 50 day EMA and 250 day EMA and also the 20 day EMA with a 10 day MA.
I also use the SCTR indicator for many stocks.. But with AVCO that indicator goes out the window and cannot be used.. I like that indicator to show at least a 90, where AVCO shows an SCTR of 5. But AVCO is the golden article, so the SCTR does not matter in my opinion.
You are right however, as soon as this stock can clear that 1.51 area and stay up there for a few days, we will be done with the dungeon work down here :)
Anyways not sure if you are familiar with the SCTR indicator, but with all the tech analysis you have done, I am sure you know what it is. This is where I learned about it.
https://stockcharts.com/articles/tradingplaces/2015/04/using-the-sctr-rankings-to-boost-your-trading-results.html
Cheers...
Hello good sir and a Merry Christmas to you! Yes...as I mentioned in an earlier post AVCO is carving out a bottom. What is significant so far about today's price action (it's still early in the day) is that we have crossed up above the 50 EMA and 6 of the previous day's highs. Very good sign. 2020 will NOT be the year for price appreciation for AVCO...lol...(yep, I admit I was way early) but I am quite confident 2021 will be. We have a lot to look forward with this little company.
On a side note I wanted to thank you for bringing to my attention the 250 EMA a few months ago as opposed to the 200 EMA that I had always been looking at. The 250 rocks!
The 250 EMA for AVCO right at this moment is at 1.51. Mark my words...when we are able to close for 2-3 days above that EMA we will know for sure the tide has changed and AVCO is on the road up. Today is a start in that direction...be patient and will just have to let it happen...
Cheers!
All good. We are up today pretty good, on low volume... 1.25
I had no idea that was from June. And for him to mention that recently again? That is a good thing I would guess? I missed a chance to pick up cheapies today I see. :( I mean its still cheap. So maybe but I own a whole lot of shares of this one.
I made a mistake yesterday. I said "after they close the gap left over between the low of 11/06 and the close of 11/05." Ooops...no gap there. The gap to fill was between the close of 11/6 and the low of 11/9. That gap was between 1.14-1.15. We filled that gap on the close yesterday and probably is the reason we have stopped going down today so far. The question now is will that be enough to stop the most recent move down that we have seen over the last 5 days and start getting some momentum up heading into the new year/quarter?
Yeah...saw that come up on the other site. Of course that news came out on June 25th 2020. See the Due Diligence sticky at the top of this page. I think for whatever reason CEO Dr. Jin decided to mention that fact in Linkedin recently for some reason. Maybe he did it because they are making progress there...let's hope!
Avalon has partnered with Uwe B. Sleytr, a pioneer in nanotechnology and an expert on S-layer technology, at Vienna’s University of Natural Resources and Life Sciences.
https://www.linkedin.com/posts/davidjin-avco_avco-avalanglobo-s-activity-6744672310856335361-RczM
Im thinking of picking up 1000 more shares should it hit down near 1.06-1.09 area.. Right now the stock is way oversold on the 5 day RSI, and sitting at 36 on the 14 day. So definitely room to come down some more on the 14 day.. I think what is happening is those employees whom got their Christmas bonus shares have been selling. Though volume has been low, and still 100K+ shares below the daily average volume of 360k shares.
Interesting, go to finviz.com and put in AVCO. It looks like we have landed right on the lower wedge line. Not a good sign, but heck, I wont be upset if we come back down to 1.06 as Im ready to add yet again.
Check this out, according to this we are sitting at very very strong support at 1.12 area.
https://www.marketscreener.com/quote/stock/AVALON-GLOBOCARE-CORP-47006665/charts/#
$AVCO closed right on its low at 1.13 today so we can anticipate a gap down open tomorrow (Thursday morning). Expect buying to come in at the 1.11-1.09 area after they close the gap left over between the low of 11/06 and the close of 11/05. My guess...and its only a guess, at that point traders will reverse this recent move down and start a new move back up. Look for some kind of a reversing pin or key reversal daily candle by the end of the day tomorrow best case scenario to confirm. If no reversal occurs...traders will attempt to take price down and take out the 10/29 low at 1.06 sometime over the next few trading days.
Unless I have completely missed something in the fundamentals AVCO should start to make its move up in earnest 1st Qtr 2021. The next day or two might be an excellent opportunity to own AVCO if we do indeed have a reversal candle by end of day....(Gap or Spike down in the morning then reverse and close up at the end of the day)
Just my opinions...do your own due diligence.
Agree, Im still here, and might add some more soon. I know I said I was done adding, but while people are selling stocks this time of year for the tax writeoffs/losses, Ill be trying to get some cheapies down here again.
AVCO will definitely try one's patience. The 1.30 area proved to be tough resistance and now looks like price will test the 1.11-1.09 area.
Knowing what we know about the fundamentals, share structure, management and what they have coming down the pipeline AVCO will move up big. My feeling however is we will have to wait till the first quarter of 2021. The rest of December will be used to form more of a bottom on the chart. We will have the 10-K, new sales figures on the Covid tests and new updates on their pipeline trials in early 2021. I'm betting the wait will be well worth it.
THanks Trip! Appreciate the update! Cheers!
Good morning Vipyr...S-8 filings are all good. Looks like they might be hiring new people and giving out incentives would be my guess. Not a big deal.
Interesting open this morning. Someone really wanted to own shares and hit the offer on the opening.
Not a matter of if..just a matter of when AVCO explodes. My guess...and it's only a guess is we see real movement when we go into 2021 as things progress with their diagnostic sales and also their drug trials.
This morning's jump proves just how fast this can move...just need solid news and off we go.
What are your thoughts on the S-8 filing? http://archive.fast-edgar.com/20201208/A82JQ22CLZ22DT22229N2ZY2AM9AZ222E222/
Form S8 I am told they are offering stock plans to their employees now. http://archive.fast-edgar.com/20201208/A82JQ22CLZ22DT22229N2ZY2AM9AZ222E222/
Heya Trip, thanks for the response. I do not pay much attention to those who have alternative motives, such as marketing themselves.
I do not have any doubts about AVCO otherwise it would not be my largest position. I just had not seen that article from 2 weeks ago was all.
Im golden and really liking the chart too $$
Hi Vipyr...just read your PM. It's not news...it's just a generic crap article to market Simply Wall St.. Everyone knows that AVCO has been trending down since it skyrocketed in January of 2019. Also almost all emerging biotech companies have no earnings. No news there. AVCO is unusual in that they have a little bit of earning coming in at this early stage from renting out some of their giant corporate space in New Jersey and also doing some consulting work. Of course we are waiting on earning from their 2 recent partnerships to distribute Covid tests.
What makes AVCO standout (aside from there cutting edge medical technology that they have in their pipeline) is that they have a small burn rate...roughly 400k a month and most unusual they have a 17 million dollar war chest in reserves if needed. This is extraordinary!!! The Simply Wall St article, if you can call it that, ain't worth the pixels it was written on I can assure you...
AVCO Broke KEY resistance today at 1.24 and we are BLUE SKIES to 1.47
https://www.marketscreener.com/quote/stock/AVALON-GLOBOCARE-CORP-47006665/charts/#
Take-two
You are clear for take-off....Roger that Houston."
-Since the 10/29 low we have had 4 higher lows.
-The daily on-balance volume indicator is breaking out to the upside.
-The Daily RSI indicator in now above a reading of 50.
-Today is the 7th day out of 9 we are up against the 50 EMA. With this many attempts the 50 EMA dam has a high chance of giving way.
-AVCO has excellent share structure.
-AVCO has a war chest of reserve money -17mil- from their chairman that they can use if needed.
-AVCO's has a lineup of outstanding medical tech.
-AVCO has a super experienced, intelligent CEO
-AVCO has outstanding business relationships who have thoroughly vetted AVCO's management and technology...ie, GE Health, MIT to name just a few.
Not a matter of IF...just a matter of WHEN Avalon Globocare will take off...my bet is sooner rather than later IMHO.
The good news is that AVCO is still trading about the 20 day MA and is currently trading above the 50 day MA.
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