As expected KTOV passed the FDA approval time to take some gains and move on to the next one. finance.yahoo.com
NASDAQ:KTOV PDUFA date as seen on this calander www.biopharmcatalyst.com I believe the stock is dumping prior to a pump following positive news of a drug appoval.
We have conflicting signals here, as the RVI is near the sweet spot, the VI (-) is coming up again, VI (+) is stagnating, and the volume hasn't had more than 3 consecutive days of positive momentum for weeks.
Rebound on the support of 50 + Objective 18,4 + Support 13,84 !
I spy, with my little eye, an inverted head and shoulders. Plus a ER surprise.
Tkai massive upside potential. In other words, buy between .99 and current price 1.06 and aim to get out in the 1.2's. Current price is the high point of first wave up (the XA)..price descended appropriately (1--> .618) for support, and moved higher between the 1.21 and 1.41 exetension of XA. The following downtrend in price should suggest a move upwards to at LEAST 1.2s.
With Section 8 Rules, I don't expect the shares to fall much lower than they already have. But, with Fib Time Trend, it looks like shares may not rise until at least Oct 3, maybe early next week? But with the possibility of being removed if shares fall to 6, I can't imagine them falling much more than another penny or so to around 9 before taking off. What say ye?
SPHS is in a multi-year ABW and with the latest partial decline, in addition to other important fundamental and technical factors, it will likely breakout upwards - To infinity and beyond!!
Completion of reverse split saw consolidation about 1.90 and looking like its going to jump to 2+. Going to buy on any dips below 1.9 to lower cost basis. 6 month PT @ 3.00+.