ENTX Stock Analysis 1W 24/06/21Hello everyone , as we all know the market action discounts everything :) We can tell from all the signs and indicators that the ENTX stock is moving in a strong uptrend , all the data that we gathered and saw on the chart looks makes the market is in a great place to buy .
I am seeing 2 ways the market is possibly moving in the next few weeks :
1_The market is gonna continue to go up and could reach new highs such as 8.6
2_The market is gonna be moving in the boundaries of the ascending triangle then breaking the resistance line at 7 and keeps going up
Until we have a bearish reversal *****
Fundamental analysis :
Entera Bio Ltd.'s (ENTX) share price surged 44.8% to close at $6.50 on June 23.
Entera Bio is a developer of orally delivered large molecule and biologic therapeutics. The company continues to witness developments and improvements in drug research in 2021, winning the confidence of its investors and seeing its share price rise to a new high.
With a market capital of 154.5 million, the share price of Entera Bio has almost tripled recently. It has skyrocketed 507.5% and 233.3% over the past six months and a year, respectively.
On June 23, the company announced its Phase 2 progress related to the treatment of osteoporosis, a bone disease.
Entera Bio CEO Spiros Jamas said “We are looking forward to an end of Phase 2 meeting with the FDA. More detailed results will also be presented in a future scientific conference and publications. The company will evaluate potential additional osteoporosis market opportunities specifically related to increases in hip BMD.”
Per a study from Reportlinker.com, the global osteoporosis drugs market is projected to grow to $20.17 billion by 2026. This represents a CAGR of 6.83% from 2020 through 2026.
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