TENX - Catalyst 03/06/2024 - Possible gap fillTenax Therapeutics Inc is a specialty pharmaceutical company focused on identifying, developing, and commercializing products that address cardiovascular and pulmonary diseases with high unmet medical needs. The company owns North American rights to develop and commercialize levosimendan and has released topline data regarding the Phase 2 clinical trial for the use of levosimendan in the treatment of Pulmonary Hypertension associated with Heart Failure and preserved Ejection Fraction.
This is not a financial advice!
Upcoming catalysts 03/06/2024
We need to stay in a bullish overal sentiment of the market. If we see a corretion, this play might doesn't work.
Keep an eye on 5.6 level, needs to get broken for a further upmove. You can take partial profits at these levels if u want to lock in gains.
SL under 4.3
TPs approx. 8.3 (gap fill)
Most info on the chart.
Trade carefully!
TENX trade ideas
$TENX is gonna fall todayPupm&Dump trading strategy idea.
$TENX is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,00;
stop-loss — $2,78;
take-profit — $1,22;
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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TENX - facing resistance for the 3rd time in the short periodCompany currently in the process of development of levosimendan for Pulmonary Hypertension associated with Heart Failure and preserved Ejection Fraction (PH-HFpEF). Efforts included a successful pre-IND meeting with the FDA in April 2018, which allowed the existing Phase II clinical protocol to be used for PH-HFpEF. During the summer and fall, the company identified clinical trial sites, obtained approvals from institutional review boards (IRBs) and executed on contracting and scheduling. Prior to year end, the first site was activated and the first patient in the Hemodynamic Evaluation of Levosimendan in Patients with PH-HFpEF or HELP trial was enrolled in March 2019. The company also closed a $10 million capital raise in December, providing funds in support of the HELP trial which should be sufficient to complete the end of Phase II meeting.
Potential Long Position - TENXAs the company has been experiencing a worrisome valuation over the last year. (Especially regarding their revenue stream and quanitification of their approach towards the years to come). Be diligent however, there is always some room for support.
Not Investment advice. For educational and Analytical obeservation only.
TENX - Big Gamble AheadTuesday holds a big gamble for $TENX. Hopefully the overnight price hike isn't inflated due to the REV STOCK SPLIT just revealed late on 12/29. Either way, Chris Moody's RSI indicator still shows a positive trend line . I'm hoping for a push up to 0.59 on Jan 2, but it's going to be a stressful morning.
Huge thanks to @Avasreader for helping me walk through this analysis.
SEC REV STOCK link: bit.ly
buy now and wait ! (road of resistance)you can see the support line and the resistance.
the strategy is:
buy now or keep an eye of what you boght, and wait for the resistence
then split it and sell some, if it goes down sell everything,
but if it goes up' just wait or buy more untill it will reach for the target !
good luck !