ALT1 trade ideas
ALT-Doji HammerALT has currently doji hammer set up which may indicate a new uptrend to be established. Personally I will need more of a confirmation and will see if this can reverse in direction and establish and maintain a new uptrend.
Still a risky investment currently with DMI- being over 28 and DMI+ being over 19 ADX is over 37 which does indicate a strong downtrend.
I would like to see the reversal in trend and if it can close over 0.99 which is the 50 day moving average I may look to enter the stock.
Support currently sits at $0.46/$0.48/$0.49 with the pivot at $0.5 resistance points are at $0.52/$0.53/$0.54/$0.57.
I did day trade this last week for a small gain.
THIS STOCK WILL RISE BIG !*Enough cash till 2Q19
*Confident and strong management team.
*$2 B Annual U.S vaccine market.
*Especially 2018 is the year people suffer from flu . FDA may give green light to ALT for their studies . NasoVax .
*Stock is under accumulations since 6 months .
*Ceo Bill Enright has been with the company over 10yrs , its time for him to prove himself.
*Heavy insider buying activities.
"opinions are my own , trade at your own risks"
