$GLSI Ready To ExplodeGreenwich looks like a rocket ready to go off. All of the sideways action and accumulation combined with this bold move today makes a breakout very likely. I believe the company has fundamental potential as well. Good Luck!
GLSI trade ideas
GLSI Harmonics: Cypher HarmonicHere, we have a cypher harmonic which will likely test lower prices past the normal prz swiftly with how volatile GSLI can be. A quick wick below the prz is to be expected. Good luck and trade safely!
10 Reasons Why $GLSI is a buy right now!1) $GLSI had 100% success preventing breast cancer recurrence over the last 6 years in their clinical trial 1 & trial 2.
2) Management team has 35+ years working together on several other successful biotech startups. They’re just repeating a proven biotech business model.
3) Executive team already multi-millionaires from previous successful ventures, they have not paid themselves a salary since starting $GLSI, and thus the CEO stated on video a few months ago they do NOT need to raise additional capital.
4) CEO of $GLSI bought up 75% of the shares of GLSI…high insider conviction!
5) The drug originally developed by U.S. Gov, the CEO of GLSI bought the rights to the drug from the gov under the condition that GLSI would finish it’s development through all the clinical trials. The CEO notes this on a 2020 Benzinga video presentation.
6) MD Anderson Cancer Research facility in Houston, TX has performed all of $GLSI’s clinical trails, and is performing the final trial 3 as well. (MD Anderson = world’s best cancer research facility in the world, very difficult to get MD Anderson to accept performing clinical trials on a new biotech drug. Most biotech companies don’t have this resource, $GLSI does.
7) See price jump to $158 when the 1st half of data was presented at the American Association of Cancer Research in Dec 2020, showing 100% success over last 6 years in trails 1 & 2.
8) See video above of $GLSI C.E.O. on Benzinga PowerHour March 11 saying the evening of Thursday April 8 they will be releasing the 2nd half of the data (immune response data) from their American Association of Cancer Research presentation in April 2021. This is the last piece of data for $GLSI to start phase III trials for FDA approval. MAJOR CATALYST!
9) Notice the stock price has been significantly increasing the past few days in anticipation of the immune response data being released April 8 evening. $150+ price estimate on Friday April 9.
10) My metrics give $GLSI a 93% probability of success getting FDA approval, with a price of $400-500+ once approved. Recent stock price moves show many others agree with my estimation.
$GLSI Releases Trial Data Soon- Keep It On Your WatchlistFundamental Analysis:
Greenwich LifeSciences Inc. is a clinical-stage biopharmaceutical company that focuses on the development of a breast cancer immunotherapy treatment to prevent the recurrence of cancer following surgery. This treatment, GP2 , has been undergoing phase two clinical trials for a while, and the data from these trials will be released April 10-15, 2021. Considering the success in previous trials, the probability of the data being good is high.
Technical Analysis:
$GLSI is showing strong momentum coming off of a sizable dip, which shows strength and could mean that this trend will continue. In addition to that, we are experiencing very low volume at the moment, which means that as buyers come in in anticipation of these trials, it will have a larger impact on the price.
My Outlook:
Personally, I am planning on only playing the hype this week. I am anticipating strong hype growth this week. The risk on this name is extremely high, considering that if the phase 2 data disappoints phase 1 buyers, they are all likely to sell, which could potentially bring the price all the way back down to $5. The chance of the data being bad is relatively low, but the consequences if it happens to be are detrimental. I am planning on selling on Friday or as soon as they hit around $45. Like and Follow :) Good Luck!
If you like these biotech ideas, follow @CobraTrader13 for weekly biotech watchlists.
GLSI ready for breakout Seems to be ready for a run. Consolidating for a long time after a huge jump on their breast-cancer news from 5 to 158 in a single day. Increase of the social sentiments around this ticker. I would perhaps get an initial swing position on Monday for longer-term play and add the dips. Risk/reward is very promising: SL at 33 and PT 45, 50, 52, and maybe even filling the gap and 100+.
Speculative play on $GLSIHello fellow traders and all of you beautiful people that read my analyses. If you follow the markets you know that GLSI rallied over 2,900% in one single day on hopes of a new phase of their breast cancer treatment (bit.ly). If you were in it, I have to congratulate you. That is almost 30X your money in a single day! I truly hope you took some profits because that type of rally doesn't happen every day (or ever).
Well, I was not in it but I am going to try and take advantage of the current situation. After that crazy rally, the price retraced about 80% and found support on the 14-ema and then the 21-ema. That support has been holding for several days and price is right above it, making this a perfect entry point since a stop can be placed right below the emas. Risk/reward is more than worth it on this one.
It could take a while for the price to move up (if it does), but I am willing to risk some coins on this play. I have made similar speculative play on ISR that generated about 150% profit in about a week. You can see the charts here . I am hoping this one will pan out as well.
If you enter this one, be aware that the price could also gap down so be on the watch. Use a small portion of your portfolio for this. At least that is what I am doing.
Safe trades!
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
