Long
Ascending triangle with resistance near $2
IMO: The stock is on track to ~$2 nearing the end of the year but could drop as soon as its ~$1.95 to ~$2 as there is huge selling pressure.
It is in a ascending triangle as indicated with higher highs and higher lows which is a positive for this slow growth bio stock.
The stock could pull back if it drops below ~$1.65
We do see a price channel between ~$1.68(Support) to ~$1.74 (Resistance)
I'd like to see it maintain ~$1.70 for a few days as an indication positive trend
Disclaimer: Everything written here is pure speculation and not financial advice nor I'm I a financial advisor. Trade at your own risk! Goodluck & Cheers
It is in a ascending triangle as indicated with higher highs and higher lows which is a positive for this slow growth bio stock.
The stock could pull back if it drops below ~$1.65
We do see a price channel between ~$1.68(Support) to ~$1.74 (Resistance)
I'd like to see it maintain ~$1.70 for a few days as an indication positive trend
Disclaimer: Everything written here is pure speculation and not financial advice nor I'm I a financial advisor. Trade at your own risk! Goodluck & Cheers
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