TXMD Downtrend-Internal Rebound
Updated
To keep it simple: the March crash brought around a strong consolidation in a triangle pattern within the lower segment (channel 3) of the longer-term, down-trending channel that the stock has stuck to for over five years now. Looks like it will jump upwards in early July.
Previous larger drops on the decline have passed the support and gone into channel 4 here (bouncing back over time), yet even with the scale of the March crash, TXMD hasn't gotten to that point. Still steadily holding towards the middle (channel 2) once again.
Previous larger drops on the decline have passed the support and gone into channel 4 here (bouncing back over time), yet even with the scale of the March crash, TXMD hasn't gotten to that point. Still steadily holding towards the middle (channel 2) once again.
Comment
Prediction has held up as of 7/21, heading into further gains.
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.