ONTX On Breakout Watch!Strong Bullish Points:
- Just moved above the cloud on daily
- Strong support at 9ema supported by the top trendline
- It's a pharma penny stock lottery!
Catalysts:
- CEO, Fruchtman, and CMO, Woodman, having both worked for Johnson and Johnson and Novartis
- The two of them combined have brought 6 drugs through FDA approval
The Pipeline:
1. Small Cell lung cancer treatment
2. Colorectal cancer
3. Breast Cancer
Price Target: Moon
The stock market is going parabolic, so anything can happen.
Thanks to User Sectorseer on StockTwits! For providing the information on management and pipeline.
ONTX
ONTX gaps. Mostly good news, some badI don't know the reason for gaps being filled, maybe someone can explain that. What I do know, is I watch them get filled in every market I trade in from crypto, to FX, to now stocks. That being said, currently, ONTX is at .51 and two gaps were filled by today's spill. And, one was ALMOST filled on the run up. But, there are 3 below us still at .32, .20, and .17. Above us is is .76, 1.40, 5.40, 11.50 and probably more higher. But I wanted to show here on the 4hr log chart the gaps and their fills. Those in green have been filled and those in pink have not. They don't always fill in order, other wise all the ones above would've been filled already, but they usually get filled. One crazy example is BTC1!, the Bitcoin futures chart had a gap at 13.8k from jan 2018 on the 4hr chart, it fell till 3k then in June of 2018 came all the way back up and filled that gap then pulled back. So, for the long term holders, this is great news. Might even put in some buys at .17. Of course nothing is a guarantee, but just food for thought.
Good fortune yall
ONTX pullback to hourly VWAP | Still bullishPrice dumped to hourly VWAP but good news for bulls is there was a lot of buying pressure. Two gaps were filled in the process. If you're swingin ONTX, it's best to NOT have a stop because the big boys stop hunt and your sell becomes their buys. Day traders, it's a must. Though that was tough to watch, it was healthy pull back for further continuation. We'll probably see consolidation now into the weekend hopefully ranging b/t .55 and .70 gearing up for a big move up.
Also, that .74 weekly resistance really did it's job.
Good-fortune yall
ONTX gap fillsGap b/t .62-.67 got filled possible the one below that in the low .50s can get spiked too. Still SUPER bullish, just know the MMs are lookin to eat up those stop losses.
Good-fortune yall!
ONTX HUGE 1M bullish RSI divergence | Targets $7.40 rangeThis is looking like a Space X rocket fueling up for mars on the monthly. With RSI NEVER once even seeing the normal range of 30-70 on the monthly RSI and a massive bullish divergence showing here, it seems inevitable in my humble opinion to be smashing into the targets shown above in the mid to long term. Remember, this company is financed up till Q1 of 2021 so there's no need for a reverse split but there is a push to get above $1 from the SEC. Let's hope this will all equal some huge gains for the bulls. Congrats to all who averaged down to .29 on that last go, it was scary as hell, that's for sure.
ONTX Weekly engulfing candle w/rising volume!Alright folks, price needs to close today anywhere above .39 and we'll have an engulfing weekly candle. Currently, price is at .47 so it's looking great! Rising volume and weekly RSI on the rise, this name looking stellar for continuation. Congrats to the bulls who bought the dip down to .29!
4 HR chart! If it's Tight its right!The 4hr chart looks promising for a decent Scalp. 9,20, and 50 EMA curling up under the price.
-9 EMA just crossed the 20 EMA and both the 9 and 20 EMA are about to cross the 50 EMA
Targets:
- .62 take out 1/2
- .81 all out
Lets see how we do!
ONTX needs a daily close above .44 Great movement FINALLY this morning but we need a close above this green falling trend line above .44. If we can, it could be the beginning of a run to fill the gap between 1.32-1.49
ONTX - break imminent With volume decreasing and price forming a second equilibrium, an impulse move is bound to happen most likely before the weekly close. Blue lines = weekly levels of support and resistance. $0.89 would be first targets. If we get a break down, .35 is the next level of support.
$ONTX (Onconova Therapeutics) Triple BottomONTX Triple Bottom with increasing volume. I'm looking to be moderately conservative on this buy; the 38.2% Fibonacci level will act as a nice price target for this bullish play.
Viewing this chart, one can see that ONTX has been unable to sustain its gains above the 50% fibline, so you may be able to sell at that point, but as a low float stock anything can happen - it's better to be cautious and take gains in my opinion.
Thank you for viewing my analysis on ONTX! Please like or follow if you like my analyses, or if you have any questions you can contact me anytime.