With Trump and RFK challenging the stronghold of big pharma, the suppression of psychedelic medicines may soon be over. Analysts have set a price target of $26. Market conditions and fresh speculative details render these companies highly volatile and speculative, as many are in trial phases and are losing money rather than profiting... for now.
Trade active
Momentum seems to be picking up for a move to test trend line $8.5 - $10 area then $12- 20 range will be in play if it can finally break above resistance. Not sure if it will give a chance for a back test to flip the resistance or just smash higher added size after hours today
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.