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Aurinia Pharmaceuticals – Healthy correction to buy

Aurinia Pharmaceutical ( NASDAQ: $AUPH ) is an absolutely perfect Weinstein play: breakout of resistance line with an explosion of trading volumes, a rising 30-week average, strongly positive relative strength.
The stock price follows perfectly the script and offers a new buying opportunity by hitting back the previous resistance line now turned into support line (which is called ‘inversion of polarity).
The recommended action at this stage is to BUY at the present level and to close if the price should close below $5 on a weekly basis or otherwise to let it run to the upside.

Disclosure: I took a long position at $6.14 shortly after posting the above article.

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