NMTR BUY/LONG 0.80 to 2.65 by end 2021!TICKER CODE: NMTR
Company Name: 9 Meters Biopharma, Inc.
Industry: Healthcare | Biotechnology | USA
Position Proposed: BUY
Technical Analysis
1. Large Inverted Head & Shoulders (Forming)
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. Falling Wedge / Pennant (Forming)
4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Entry: NOW READY (0.80-1.30)
1st Partial Take Profit: 2.65 (August-November 2021)
2nd Take Profit: 3.85 (Mid 2022)
NMTR
NMTR HUGE BUY/LONG OPPORTUNITY NOW READY FOR ENTRY!Technical Analysis
1. Large Head & Shoulders
2. Pennant/Falling Wedge with Large Flag Pole
3. Market Retraced to Fibonacci 0.786 (Silver Zone)
4. Forming of 2nd Shoulder for Head & Shoulders
5. Market Sitting on Support Structure
6. 1st Safe Take Profit at Fibonacci Expansion Level 1 (Grey Zone) also at Flagpole length
Note that another similar medical company is ACST
NMTR starting to show signs of a bullish futureNMTR still extremely volatile, but has showed some signs of returning to life lately. Analysts putting Buy and Hold ratings on this, averaging $5 - no Sells currently.
50 Day Moving Average has just crossed over the 100 Day MA for the first time in a very long time.
Has received a recent upgrade, so sentiment is turning
Keep your eye on this one. I am accumulating small positions at the moment.
